Natural Gas and Oil Forecast: Crude Oil at a Crossroads—Breakout or Breakdown Ahead?

Market Overview

Oil prices are holding firm near $66.58, despite economic uncertainties and ongoing geopolitical tensions. Analysts highlight that near-term demand remains resilient, with U.S. crude production expected to hit a record 13.61 million barrels per day in 2025, per the EIA.

Meanwhile, rising tariffs on key imports and a 4.2-million-barrel increase in U.S. stockpiles have injected further volatility into energy markets.

The OPEC+ decision to boost output in April adds another layer of uncertainty. With global inflation data and central bank policies in focus, traders are bracing for potential price swings as markets digest shifting supply-demand dynamics amid heightened geopolitical risks.

Natural Gas Price Forecast

Natural Gas (NG) is holding steady at $4.36, gaining 0.05% on the day as bulls attempt to build momentum. The pivot point at $4.32 is a critical level—staying above it keeps the upside intact, while a drop below could trigger sharper selling pressure toward $4.13 and $3.87.

Right now, the 50-day EMA at $4.39 is acting as a short-term ceiling. A decisive break above $4.39 could push prices toward $4.65, with a more extended rally eyeing $4.90.

Meanwhile, the 200-day EMA at $4.12 reinforces long-term support. The trend leans bullish above $4.32, but if natural gas slips below this level, expect sellers to regain control.

WTI Oil Price Forecast

Crude oil (USOIL) is hovering around $66.58, barely budging with a 0.02% gain, as traders weigh supply concerns against demand uncertainties. The pivot point at $66.93 is the key battleground—staying above it keeps the bullish case alive, with upside targets at $68.20 and $69.47.

However, momentum is lacking. The 50-day EMA at $66.73 sits just above current levels, acting as immediate resistance, while the 200-day EMA at $68.67 looms as a stronger barrier. If buyers can clear $66.93, the rally could extend. On the flip side, a drop below $66.93 shifts the bias bearish, with $65.27 and $64.19 in focus.

Brent Oil Price Forecast

Brent crude (UKOIL) is trading at $69.88, up 0.04%, but struggling to gain traction as it hovers near a key pivot level at $70.22. The 50-day EMA at $70.03 is acting as immediate resistance, while the 200-day EMA at $71.19 remains a major hurdle for any extended rally.

A break above $70.22 could fuel buying momentum, with the next targets at $71.37 and $72.64. However, failure to reclaim this level may keep the outlook bearish, with $68.43 and $67.23 as key downside levels to watch. Right now, oil is at a tipping point—bullish above $70.22, but a move lower could bring fresh selling pressure.