Oil and Natural Gas Market Analysis
Published: February 19, 2026
Key Highlights
- Oil prices surged over 4% due to geopolitical tensions, marking the strongest close since January 30.
- WTI crude oil broke the $65 resistance level, targeting $67.59 as bullish sentiment strengthens.
- Brent crude oil surpassed $69.77, paving the way towards $72 as momentum builds.
- Natural gas prices are currently stable, hovering around $3.02, with support at $3.00 under pressure.
Market Overview
In recent trading, oil prices have experienced a significant increase, attributed to rising geopolitical tensions that have raised concerns about potential supply disruptions. This has led to a bullish outlook among traders, particularly regarding key maritime routes that are crucial for global oil transport.
WTI Crude Oil Analysis
WTI crude oil is currently trading around $65.23, having recently broken past the $64.21 resistance level. The price is supported by a rising trendline that began from a low of $56, indicating a strong upward bias. Key resistance levels to watch are $66.45 and $67.59, while support levels are at $64.21 and $62.20.
Trade Idea: Consider buying above $65.50 with a target of $66.45, and set a stop-loss if the price falls below $64.20.
Brent Crude Oil Analysis
Brent crude oil is trading at approximately $70.50, having successfully broken through the $69.77 resistance zone. The momentum appears to favor bullish traders, with layered support at $68.20 and $66.90. Resistance levels are identified at $71.33 and $72.16.
Trade Idea: Look to buy on a pullback towards $69.80, targeting $71.33, with a stop-loss set below $68.90.
Natural Gas Market Insights
Natural gas prices are currently around $3.02, facing pressure at the $3.00 support level. The market is experiencing sideways movement below the 0.236 Fibonacci level at $3.33, with a significant downside zone at $2.67. The 50-period EMA is acting as dynamic resistance at $3.20.
Trade Idea: Consider selling below $3.00 with a target of $2.67, and set a stop-loss if the price exceeds $3.33.
Conclusion
The current market dynamics for oil and natural gas are heavily influenced by geopolitical factors, leading to increased volatility and trading opportunities. Traders should remain vigilant and consider technical indicators and support/resistance levels when making trading decisions.