Natural Gas and Oil Forecast: Expert Insights on China’s Stimulus and Energy Growth

Market Overview

Geopolitical tensions and economic developments continue to influence global oil and gas markets. Oil prices rose 1.4% last week, supported by a larger-than-expected U.S. crude inventory draw and strong seasonal demand. Optimism surrounding China’s economic recovery, bolstered by record stimulus plans and rising import quotas, further lifted sentiment.

However, Europe faces potential energy supply challenges as pipeline gas imports diminish, increasing reliance on liquefied natural gas (LNG).

With global oil consumption reaching record highs in 2024, investors are closely monitoring upcoming economic data from China and the U.S., which could provide clarity on energy demand trajectories heading into 2025.

Natural Gas Price Forecast

Natural Gas (NG) is trading at $3.40, up 0.24% over the past two hours, showing steady upward momentum. The pivot point at $3.29 is crucial—prices holding above this level suggest bullish sentiment. Immediate resistance lies at $3.56, with the next target at $3.83 if buyers maintain control.

On the downside, support is seen at $3.11, with stronger protection at $2.94 if selling pressure increases. Notably, the price is above the 50 EMA ($3.15) and the 200 EMA ($2.89), indicating a favorable short- to medium-term trend.

Watch for a breakout above $3.56 to confirm further gains, but a drop below $3.29 could trigger sharper declines. It’s a market worth monitoring closely for potential shifts.

WTI Oil Price Forecast

USOIL is trading at $70.69, slightly down by 0.03% in the last two hours. The pivot point at $70.03 is a key level to watch—prices above this indicate a bullish bias, with immediate resistance at $70.69 and the next target at $71.38. However, the downward trendline could keep upward movement in check near $71.38.

On the downside, support rests at $68.77, with a further safety net at $67.88 if selling pressure intensifies.

Notably, the price is hovering above both the 50 EMA ($69.99) and the 200 EMA ($69.62), signaling short-term strength. A break below $70.03 could shift momentum sharply to the downside, so it’s a critical level to monitor.

Brent Oil Price Forecast

UKOIL (Brent) is trading at $73.73, slipping 0.05% in the past two hours. The pivot point at $73.34 serves as a critical marker—prices above this suggest a bullish sentiment. Immediate resistance is at $73.99, with the next target at $74.54 if buyers maintain momentum.

On the downside, support is seen at $72.73, with a deeper level at $71.98 if selling pressure increases. The price currently sits above the 50 EMA ($73.33) and the 200 EMA ($73.10), reflecting short-term strength. However, a decisive break below $73.34 could trigger sharper declines, shifting momentum to the downside.

Brent remains in a tight range, with traders watching for a breakout to guide the next move.