Market Analysis Summary: Natural Gas and Oil Forecasts

Published: August 21, 2026

Author: Vladimir Zernov

Key Highlights

• Natural gas prices are hovering around $2.75 to $2.80, with potential for upward movement if resistance is broken.
• WTI oil prices are rising amid ongoing tensions in the Middle East, with traders awaiting U.S. plans regarding Iran.
• Brent oil has surpassed the $94.00 mark, indicating bullish sentiment in the market.

Natural Gas Forecast

Natural gas has been attempting to settle above the $2.80 level, which is crucial for gaining momentum. If it breaks this resistance, it could target the 50-day moving average at $2.96, and potentially reach the $3.00 to $3.05 range. Conversely, if prices fall below $2.70, it may lead to a decline towards the August lows around $2.62.

WTI Oil Analysis

WTI oil prices are on the rise as geopolitical tensions persist, particularly concerning Iran. The U.S. is expected to announce details regarding Iran's economic isolation, which could further impact oil prices. Despite some statements from Iranian officials suggesting a desire for peace, the Islamic Revolutionary Guard Corps (IRGC) maintains a hawkish stance, likely keeping the Strait of Hormuz closed. If WTI oil can hold above the $86.50 level, it may target the next resistance at $91.50 to $92.00.

Brent Oil Insights

Brent oil has tested new highs, driven by bullish market sentiment. Traders are optimistic as negotiations between the U.S. and Iran seem stalled. A successful settlement above $94.00 could lead to further gains, targeting resistance levels at $95.50 to $96.00, and potentially reaching $101.50 to $102.00 if momentum continues.

Conclusion

The current market dynamics for natural gas and oil are heavily influenced by geopolitical factors and technical resistance levels. Traders are advised to monitor these developments closely, as they could significantly impact price movements in the near term.