Crude Oil (WTI) is currently trading at $60.26, reflecting a daily decline of 1.29%. The price is positioned above the 21-day moving average (MA21) at $59.67, suggesting a potential short-term bullish sentiment. However, both the 50-day (MA50) at $61.39 and the 100-day (MA100) at $62.48 present robust resistance levels, indicating challenges for upward momentum unless a decisive break occurs.

The relative strength index (RSI) at 48.98 indicates the market is currently neutral, with no clear overbought or oversold signals, while the MACD at -0.12 suggests a slight bearish momentum.

Support levels can be identified around the MA21, with significant psychological support near $58. A sustained breach below this level could trigger further selling pressure. Conversely, if prices can surpass the MA50, it may indicate a reversal of the current downward trend. Overall

Brent Oil is currently trading at $65.07, reflecting a modest daily change of 0.11%. The price is situated between the 21-day moving average (MA21) at $63.88 and the 50-day moving average (MA50) at $65.59, highlighting immediate support and resistance levels. The 100-day (MA100) and 200-day (MA200) moving averages at $66.34 and $66.69, respectively, suggest further resistance may be encountered in the upward trajectory.

The Relative Strength Index (RSI) at 52.47 indicates a neutral momentum, suggesting neither overbought nor oversold conditions. However, the MACD at -0.15 signals a bearish momentum trend. Should Brent Oil break above the MA50, it could gain upward momentum, testing the $66.34 resistance. Conversely, a drop below the MA21 may expose additional downside risk. Overall, a cautious outlook is warranted as the market

Natural gas is currently trading at $4.23, reflecting a daily decline of 0.87%. Key moving averages indicate a mixed sentiment, with the 21-day MA at $3.94 and the 50-day MA slightly lower at $3.91, suggesting that recent price action may be gaining bullish momentum. The 100-day MA sits at $4.12, while the long-term 200-day MA remains higher at $4.46, signaling potential resistance ahead.

The RSI at 62.43 indicates that the market is approaching overbought territory, which could lead to consolidation or a pullback in the near term. The MACD at 0.06 remains positive, suggesting some momentum, albeit weak.

In summary, while natural gas shows bullish signals in the short term, traders should watch for resistance at $4.46 and potential support around the 21-day MA as the market navigates these levels. A sustained move above $4.46 could unlock

Disclaimer

The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments involve risks, and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from your use of this information.