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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On Rising Supply

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

Key Points:

  • Natural gas declined below the $2.90 level.
  • WTI oil is under pressure ahead of the weekend.
  • Brent oil pulled back below the $67.00 level.

Natural Gas

Natural Gas
Natural Gas 190925 Daily Chart

Natural gas remains under pressure as traders focus on bearish weather forecasts.

A move below $2.85 will push natural gas prices towards the support at $2.70 – $2.75.

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WTI Oil

WTI Oil
WTI Oil 190925 Daily Chart

WTI oil pulls back as Russian oil exports stay mostly unchanged despite worries about recent drone attacks on Russian oil facilities.

In case WTI oil settles below the $62.00 level, it will move towards the support level at $60.00 – $60.50.

Brent Oil

Brent Oil
Brent Oil 190925 Daily Chart

Brent oil is losing ground amid broad pullback in the oil markets as traders focus on strong supply.

RSI is in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

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.

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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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