Natural Gas and Oil Forecast: Rising U.S. Stockpiles Add to Bearish Market Sentiment

Market Overview

Oil prices declined in Asian trading as geopolitical tensions and evolving energy policies added uncertainty to the market. Brent crude settled at $79.00, marking five consecutive sessions of losses, while WTI closed at $75.44.

Analysts attribute the downturn to expectations of increased U.S. production and easing supply risks from key regions. Additionally, proposed tariffs and a declared national energy emergency are fueling market volatility.

Rising U.S. crude stockpiles, up 958,000 barrels last week, further weigh on prices. The market remains cautious as traders assess the broader economic implications of policy changes and geopolitical developments.

Natural Gas Price Forecast

Natural Gas (NG) prices are currently trading at $3.54, down 0.59%, as the market struggles to hold above key support levels. The commodity remains under pressure, trading below the pivot point at $3.91, which serves as a crucial threshold for bullish momentum.

Immediate resistance is seen at $4.13, followed by $4.33, while support stands at $3.72 and deeper at $3.55. The 50-day EMA at $3.88 is acting as a dynamic barrier, reinforcing the bearish sentiment.

However, the 200-day EMA at $3.52 offers a solid long-term support zone. A decisive break above $3.91 could reignite buying interest, while sustained pressure below this level may lead to further downside.

WTI Oil Price Forecast

U.S. crude oil (USOIL) is trading at $75.20, down 0.22%, as bearish momentum continues to weigh on prices. The commodity is struggling below the pivot point at $76.05, which serves as a key level for potential recovery. Immediate resistance stands at $77.68, with a stronger hurdle at $79.12.

On the downside, support is seen at $74.49, with deeper levels at $72.90. The 50-day EMA at $76.38 is reinforcing bearish sentiment, acting as a dynamic resistance level, while the 200-day EMA at $73.62 provides long-term support.

A sustained move below $76.05 could signal further downside, whereas a break above this level might revive buying interest.

Brent Oil Price Forecast

Brent crude (UKOIL) is currently trading at $78.74, down 0.22%, as selling pressure persists below the key pivot level of $79.55. The commodity remains under a bearish cloud, with immediate resistance at $80.45 and further upside barriers at $81.76.

On the downside, support is seen at $78.43, followed by a deeper level at $77.03, which could act as a cushion if selling accelerates. The 50-day EMA at $79.49 is reinforcing downside pressure, while the 200-day EMA at $76.71 provides a longer-term support base.

A sustained move below $79.55 could deepen losses, whereas a break above may shift sentiment toward recovery.