Market Analysis Summary: Natural Gas and Oil Forecasts
Published: March 25, 2026
Author: Vladimir Zernov
Key Highlights
- Natural gas prices are rebounding ahead of the EIA report, with expectations of a decline in storage levels.
- WTI oil prices are rising due to geopolitical tensions in the Middle East, particularly regarding U.S.-Iran negotiations.
- Brent oil is also gaining momentum as traders anticipate further escalation in the region.
Natural Gas Market Overview
Natural gas is attempting a rebound as traders prepare for the upcoming EIA weekly natural gas storage report, which is expected to show a decrease of 49 billion cubic feet (Bcf) from the previous week. Despite current low demand, weather forecasts suggest an increase in demand by the end of the week.
The nearest resistance level for natural gas is between $3.00 and $3.05. A breakout above $3.05 could lead to a move towards the next resistance at $3.25 to $3.30. Conversely, if prices fall below $2.90, support levels are expected around $2.75 to $2.80.
WTI Oil Market Dynamics
WTI oil prices are gaining traction as traders focus on the ongoing U.S.-Iran negotiations. Recent statements from U.S. officials indicate a hardline stance, with the potential for military escalation if negotiations fail. The Strait of Hormuz remains a critical point, with Iran asserting that it will not return to its previous operational state, which could lead to increased oil prices due to supply constraints.
Currently, WTI oil is attempting to settle above the resistance level of $90.00 to $90.50. A successful breakthrough could push prices towards the next resistance range of $97.00 to $97.50. The Relative Strength Index (RSI) indicates that there is room for further momentum if favorable catalysts emerge.
Brent Oil Outlook
Brent oil is also showing positive momentum, with traders betting on the likelihood of escalating tensions in the Middle East. The nearest resistance for Brent oil is between $103.00 and $103.50. A successful test of this level could lead to further gains towards $108.50 to $109.00, with potential highs near $119.00 if the bullish trend continues.
Conclusion
The current market dynamics for natural gas and oil are heavily influenced by geopolitical tensions and weather forecasts. Traders are advised to monitor these developments closely, as they could significantly impact price movements in the coming days.