Skip to main content
Advertisement
Advertisement

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Focus On Potential Sanctions On Russia

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

Key Points:

  • Natural gas remains under pressure as weather forecasts stay bearish.
  • WTI oil moved higher as traders evaluated the risks of additional oil-related sanctions on Russia and its trading partners.
  • Brent oil climbed towards the $70.00 level.

Natural Gas

Natural Gas
Natural Gas 280725 Daily Chart

Natural gas tests support at $3.00 – $3.05 as traders focus on cooler weather forecasts.

If natural gas settles below the $3.00 level, it will head towards the next support at $2.70 – $2.75.

Loading

WTI Oil

WTI Oil
WTI Oil 280725 Daily Chart

WTI oil gains ground as traders focus on potential sanctions on Russia. U.S. President Trump said that he would give Russian President Putin a new 10-12 day deadline to reach a truce with Ukraine.

A move above the $66.50 level will push WTI oil towards the recent highs near the $69.50 level.

Brent Oil

Brent Oil
Brent Oil 280725 Daily Chart

Brent oil is moving higher as traders focus on new risks to Russian oil supply.

From the technical point of view, Brent oil needs to settle above the resistance at $71.00 – $71.50 to gain additional upside momentum in the near term.

Natural Gas Price Forecast

Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.

See all Natural Gas forecasts

For a look at all of today’s economic events, check out our economic calendar.

Loading

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.

Latest news and analysis

    Loading
Advertisement
Loading
Advertisement
Advertisement
Advertisement
Advertisement