China's export controls on rare earths and Trump's tariff threats put significant pressure on oil markets.
Natural Gas
Natural Gas 101025 Daily Chart
Natural gas is losing ground amid broad sell-off in the energy markets, which is driven by Trump’s threat to impose massive tariffs on China.
From the technical point of view, natural gas settled below the support at $3.25 – $3.30 and is moving towards the next support level at $3.00 – $3.05.
WTI Oil
WTI Oil 101025 Daily Chart
WTI oil is under strong pressure as traders fear that trade war between U.S. and China will hurt demand for oil.
A move below the $58.00 level will push WTI oil towards the support level at $55.50 – $56.00.
Brent Oil
Brent Oil 101025 Daily Chart
Brent oil is losing ground as traders react to Trump’s comments about China’s export controls on rare earths.
If Brent oil settles below the $62.00 level, it will head towards the nearest support, which is located in the $60.50 – $61.00 range.
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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.