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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Focus On Geopolitical Risks

By: 
Vladimir Zernov
Natural Gas, WTI Oil, Brent Oil Forecasts

Key Points:

  • Natural gas attempts to settle above the $3.10 level.
  • WTI oil moved above $64.00, supported by rising geopolitical premium.
  • Brent oil climbed above the $68.00 level.

Natural Gas

Natural Gas
Natural Gas 160925 Daily Chart

Natural gas climbed above the resistance at $3.00 – $3.05 and is trying to settle above the 50 MA at $3.15.

In case this attempt is successful, natural gas will head towards the next resistance level, which is located in the $3.25 – $3.30 range.

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WTI Oil

WTI Oil
WTI Oil 160925 Daily Chart

WTI oil rallies as traders stay focused on Russian supply risks. Israel’s operation in Gaza City has also raised geopolitical risk premium for oil, providing additional support to oil prices.

A move above the 50 MA at $64.94 will push WTI oil towards the next resistance level at $66.00 – $66.50.

Brent Oil

Brent Oil
Brent Oil 160925 Daily Chart

Brent oil is trying to settle above the resistance at $67.50 – $68.00 amid broad rally in the oil markets.

In case Brent oil stays above the $68.00 level, it will head towards the resistance at $71.00 – $71.50.

Natural Gas Price Forecast

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About the Author

Vladimir ZernovFutures Trading Expert

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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