Market Analysis Summary - Natural Gas, WTI Oil, and Brent Oil Forecasts

Published: January 09, 2026

Key Highlights

• Natural gas prices are under pressure due to bearish weather forecasts.
• WTI oil has risen above $59.00 as traders anticipate a decline in Venezuelan oil supply.
• Brent oil has surpassed $63.00, supported by geopolitical tensions affecting oil exports from Iran.

Natural Gas Analysis

Natural gas prices are testing new lows as warmer weather forecasts suggest lower demand than previously expected. If prices fall below the support level of $3.25 - $3.30, they may decline further towards the next support level of $3.05 - $3.10.

WTI Oil Analysis

WTI oil prices have continued to rise as traders speculate on a potential decrease in supply from Venezuela. A successful test of the resistance level between $60.00 and $60.50 could push prices towards $63.00.

Brent Oil Analysis

Brent oil has gained traction, bolstered by geopolitical developments, particularly protests in Iran that raise concerns about the stability of the country’s oil exports. A move above the $64.00 level could lead to testing the resistance at $64.50 - $65.00.

Conclusion

The current market dynamics for natural gas and oil are heavily influenced by weather forecasts and geopolitical tensions. Traders should monitor these factors closely as they could significantly impact price movements in the near term.