Natural gas settled near the $3.15 level as traders switched from February 2025 contract to March 2025 contract.
In case natural gas declines below the $3.10 level, it will head towards the nearest support, which is located in the $2.95 – $3.00 range.
WTI Oil
WTI Oil 290125 Daily Chart
WTI oil is losing ground as traders focus on the EIA report, which indicated that crude inventories increased by 3.5 million barrels from the previous week, compared to analyst forecast of +3.2 million.
A move below the 50 MA at $71.91 will open the way to the test of the support level at $67.00 – $67.50.
Brent Oil
Brent Oil 290125 Daily Chart
Brent oil declined below the $77.00 level amid broad pullback in the oil markets, which was triggered by the EIA report.
If Brent oil declines below the $76.00 level, it will head towards the 50 MA at $75.28.
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In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.