FXEmpire
26 May 2026, 07:15 UTC · 2h ago
Source · https://www.fxempire.com/forecasts/article/natural-gas-and-oil-forecast-wti-slides-beneath-92-as-brent-tests-95-natgas-breakout-1600138
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Story key points
4 claims · impact-rated
WTI crude oil prices fell below $92 and Brent retreated to $95.08 after breaking key technical support levels. — A break below the 50-period MA and ascending channel floor typically signals a bearish trend for energy prices.
-0.60Natural Gas futures climbed to $2.937, breaking prior highs with bullish continuation patterns. — Breaking prior highs with strong bullish candles indicates upward momentum for natural gas prices.
+0.50The US-Iran ceasefire has held for over seven weeks, leading to a gradual increase in tanker traffic through the Strait of Hormuz. — Reduced geopolitical risk in the Hormuz Strait removes the 'risk premium' from oil prices, putting downward pressure on costs.
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US oil production remains strong and OPEC+ has adjusted output to balance international markets. — Strong domestic supply and disciplined OPEC+ adjustments suggest a well-supplied market, limiting potential for price spikes.
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The article mentions that Amazon slips in the context of Nasdaq 100 movements.
The article mentions that Meta falls in the context of Nasdaq 100 movements.
Microsoft is mentioned as diverging, but no specific positive or negative direction is attributed to it.
Alphabet is mentioned as diverging, but no specific positive or negative direction is attributed to it.
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