Natural Gas and Oil Forecast: Geopolitical Tensions Support Prices Despite Weak Momentum

Energy markets opened 2026 with heightened volatility as geopolitical tensions and disciplined OPEC+ supply helped sustain oil prices, even amid weak market momentum and technical pressures. Brent crude hovered near $60.9 per barrel, supported by output restraint from OPEC+ and ongoing uncertainty in global politics, which have kept buyers engaged despite choppy trading conditions. Meanwhile, natural gas prices have dipped to around $3.47, having failed to break through a key resistance level near $4.00 and now testing a critical support zone around $3.45–$3.50 on the 4‑hour chart. Technical indicators show weak momentum, with the RSI declining towards oversold territory. WTI crude also held near its $56.55 support level, pushing against bearish trendlines and resistance from its 200‑hour exponential moving average (EMA) near $59.60. Traders are watching key support and resistance levels closely, as weakening momentum may prompt further downside unless geopolitical risk premiums intensify or supply concerns tighten further. Overall, geopolitical risks continue to underlie energy market sentiment even as broader momentum remains fragile. #OilPrices #NaturalGas #GeopoliticalRisk #OPEC #SlimScan #GrowthStocks #CANSLIM