Natural Gas and Oil Forecast: WTI Struggles Below $73.50 as Sellers Maintain Control

Market Overview

Oil prices surged as geopolitical uncertainties and trade policy shifts fueled investor concerns over potential supply disruptions. Markets are closely monitoring possible U.S. tariffs on Canadian and Mexican exports, which could impact North American crude flows.

Brent crude is on track for a 3.6% monthly gain, while WTI is set to rise 2%, reflecting persistent supply concerns. Additionally, sanctions on Russia and Venezuela, coupled with strategic petroleum reserve refilling, continue to bolster oil’s risk premium.

Traders remain cautious as shifting policies and global energy dynamics drive volatility across crude and natural gas markets.

Natural Gas Price Forecast

Natural Gas (NG) is trading at $3.0910, up 0.29%, but struggling to break above key resistance levels. The pivot point at $3.12 remains a crucial barrier—if prices sustain above this level, buyers could push toward $3.24 and potentially $3.37. However, the 50-day EMA at $3.22 and 200-day EMA at $3.35 suggest resistance overhead, limiting bullish momentum.

On the downside, immediate support rests at $3.01, with a break lower exposing $2.88, reinforcing a broader bearish outlook. The downward trendline remains intact, keeping sellers in control unless $3.12 is decisively breached.

WTI Oil Price Forecast

WTI crude oil (USOIL) is trading at $73.35, up 0.26%, as it struggles to break above key resistance. The pivot point at $73.50 is a crucial level—if breached, it could fuel bullish momentum toward $74.30 and $75.17. However, the 50-day EMA at $73.42 suggests near-term resistance, while the 200-day EMA at $74.43 remains a major hurdle for buyers.

On the downside, $72.32 provides immediate support, with a breakdown exposing $71.25, reinforcing the bearish trend. A downward trendline remains intact, keeping sellers in control unless $73.50 is decisively cleared.

Brent Oil Price Forecast

Brent crude (UKOIL) is trading at $76.34, up 0.22%, but remains below the pivot point at $76.54, signaling lingering bearish pressure. The 50-day EMA at $76.91 is acting as a near-term resistance level, while the 200-day EMA at $77.76 suggests a more substantial hurdle ahead.

A break above $76.54 could shift sentiment, with buyers targeting $77.83 and $78.97. However, failure to clear resistance may invite fresh selling, with $74.68 serving as immediate support. A breach below this level could accelerate declines toward $73.73. The downward trendline remains intact, keeping the broader trend bearish unless a decisive breakout occurs.