FXEmpire
09 Jun 2026, 07:32 UTC · 2h ago
Natural Gas and Oil Forecast: 10 Weeks of Ceasefire — WTI Channel Pressure, NatGas Bullish?
FXEmpire
09 Jun 2026, 07:32 UTC · 2h ago
Story key points
4 claims · impact-rated
The US-Iran ceasefire has held for over ten weeks, leading to the removal of the geopolitical price premium from crude oil. — The disappearance of a risk premium typically lowers the price floor for commodities and reduces volatility in energy markets.
-0.60WTI crude oil prices have dropped to $90.07 after breaking below a key ascending channel and the 50-period moving average. — Breaking key technical support levels often signals further bearish momentum to traders.
-0.40Global oil supply remains favorable due to record high US production and steady output from Brazil, Guyana, and Canada. — Increased non-OPEC supply puts downward pressure on global oil prices.
-0.30Continue reading
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Natural Gas futures are maintaining a steady structure at $3.174 within an ascending channel with healthy demand projections for Asia and Europe. — Technical stability combined with healthy demand forecasts provides a bullish outlook for the asset.
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Reuters
9h ago
