Market Analysis Summary - February 6, 2026

Key Highlights

• Natural gas is attempting to settle above the $3.55 level.
• WTI oil prices are rising as traders react to the commencement of U.S.-Iran negotiations.
• Brent oil has climbed above the $68.00 mark.

Natural Gas Overview

Natural gas prices are currently trying to establish a foothold above the resistance level of $3.50 to $3.55. Traders are maintaining a bullish outlook as they approach the weekend. If natural gas can successfully settle above the $3.55 level, it is expected to target the next resistance zone between $3.95 and $4.00.

WTI Oil Analysis

WTI oil has shown positive movement, gaining traction as traders focus on the ongoing U.S.-Iran negotiations. The global market's rebound is providing additional support for oil prices. Should WTI oil manage to settle above the $64.50 level, it is likely to advance towards the resistance range of $65.50 to $66.00.

Brent Oil Insights

Brent oil prices have also increased, driven by trader sentiment that a deal between the U.S. and Iran may not be reached. From a technical perspective, Brent oil needs to settle above the resistance level of $69.50 to $70.00 to gain further upward momentum.

Conclusion

The current market dynamics for natural gas and oil are influenced by geopolitical factors, particularly the U.S.-Iran negotiations, and traders are responding to these developments with a bullish sentiment. The technical indicators suggest potential upward movements if key resistance levels are breached.

Author Information

The analysis is provided by Vladimir Zernov, an independent trader with over 18 years of experience in the financial markets, covering a wide range of instruments including stocks, futures, forex, indices, and commodities.