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Natural Gas and Oil Forecast: WTI Coils Below Trendline, Break Above $64 Could Target $66

FXEmpire · last updated
Natural Gas (NG) Price Chart

Natural gas is trading at $3.02, holding above its rising trendline that’s been intact since late August. The 50-EMA at $3.01 is acting as immediate support, while the 200-EMA at $3.06 is capping upside momentum, creating a narrow squeeze zone. This compression often precedes a breakout.

Price action has been choppy, with recent candles showing long wicks, reflecting a tug-of-war between buyers and sellers. The RSI sits at 54, neutral but tilting higher, suggesting mild bullish pressure.

If buyers clear $3.06, the next test sits at $3.14, followed by $3.21. On the downside, a break below $2.99 risks retests of $2.89 and $2.81. For now, natural gas is coiling, with traders watching closely for which side wins the breakout.

WTI Oil Price Forecast

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