Natural Gas and Oil Forecast: Will Demand Growth Sustain Upward Momentum?

Market Overview

Oil prices rose for a second consecutive day as geopolitical tensions heightened supply concerns, particularly from key Middle Eastern producers. Fresh sanctions targeting oil exports have amplified fears of tighter global supply, while robust refining margins are supporting market sentiment.

Analysts suggest that crude prices are seeking a stable base amid these developments, with strong fuel demand in Western markets adding upward pressure.

However, lingering uncertainties about global demand growth and shifting international trade dynamics are capping gains. As geopolitical tensions persist, volatility in the oil and natural gas markets is likely to continue in the short term.

Natural Gas Price Forecast

Natural Gas (NG) is trading at $3.96, down 0.13%, reflecting cautious sentiment. It sits just above the 50 EMA at $3.93 and comfortably above the 200 EMA at $3.54, indicating a short-term bullish bias within a broader upward trend. Immediate resistance is at $4.13, and breaking above this level could push prices towards $4.27.

Conversely, if selling pressure builds, immediate support lies at $3.77, with a more substantial cushion at $3.55. The key level to watch is the pivot at $3.91—staying above keeps bullish momentum intact, but a dip below could trigger sharper declines.

WTI Oil Price Forecast

USOIL is trading at $71.14, down a slight 0.01%, showing a cautious market mood. It sits just below the 50 EMA at $71.45 and well under the 200 EMA at $72.34, suggesting short-term bearishness with a broader downward trend. Immediate resistance is at $71.69, and breaking above could open the path to $73.16.

On the downside, support is close by at $70.11, with a more substantial floor at $69.32. The pivot point to watch is $70.66—holding above this level keeps bullish hopes alive, but a break below could lead to accelerated selling. The market is teetering, so watch for volume spikes to confirm the next move.

Brent Oil Price Forecast

UKOIL is holding steady at $75.16, showing no change in today’s session. It’s hovering just below the 50 EMA at $75.37 and well under the 200 EMA at $75.92, suggesting short-term indecision amidst a broader bearish undertone.

Immediate resistance stands at $75.63, and if bulls push past this level, the next target is $77.14. However, if selling pressure mounts, immediate support is at $72.93, with a more significant safety net at $71.93.

The pivotal level to watch is $74.16—remaining above keeps the bulls hopeful, but a break below could trigger accelerated selling. Keep an eye on volume for confirmation, as momentum could swing quickly.