Cuts into 2025 – Natural Gas and Oil Forecast: OPEC+ Cuts Boost Prices in 2025!

Key Points

• Oil Prices Rise: OPEC+ extends production cuts into 2025, supporting market prices.
• Influencing Factors: Natural gas and oil forecasts are shaped by OPEC+ decisions and geopolitical developments.
• Market Impact: Extended production cuts bolster oil prices, while a Gaza ceasefire may reduce crude volatility.

Market Overview

Oil prices increased in Asian trading on Monday as OPEC+ decided to extend production cuts until 2025. This decision, led by Saudi Arabia and Russia, aims to maintain a reduction of 5.8 million barrels per day to support prices through tighter market conditions.

Natural Gas Price Forecast

• Current Price: $2.71, up 4.79% in the 4-hour timeframe.
• Key Pivot Point: $2.68.
• Resistance Levels: $2.79, $2.85, $2.92.
• Support Levels: $2.62, $2.54, $2.48.
• Technical Indicators:
• 50-day EMA: $2.61.
• 200-day EMA: $2.33.

Outlook: Bullish above $2.68, but a drop below this level could trigger a sharp selling trend.

WTI Oil Price Forecast

• Current Price: $77.12, down 0.89%.
• Chart Timeframe: 4-hour.
• Pivot Point: $77.49.
• Resistance Levels: $78.58, $79.36, $80.53.
• Support Levels: $76.16, $75.11, $74.31.
• Technical Indicators:
• 50-day EMA: $78.43.
• 200-day EMA: $79.58.

Outlook: Bearish below $77.49. A break above this level could signal a bullish trend, while continued decline reinforces bearish sentiment.

Brent Oil Price Forecast

• Current Price: $80.99, up 0.34% in the 4-hour timeframe.
• Pivot Point: $82.17.
• Resistance Levels: $83.48, $84.47, $85.55.
• Support Levels: $80.65, $79.76, $78.63.
• Technical Indicators:
• 50-day EMA: $82.53.
• 200-day EMA: $83.93.

Outlook: Bearish below $82.17. A break above this pivot point could indicate a bullish trend, while remaining below it reinforces bearish sentiment.

Conclusion

The extension of OPEC+ production cuts into 2025 is supporting oil prices. The potential geopolitical stability from a proposed Gaza ceasefire may reduce crude price volatility, easing pressure on natural gas and oil markets. For detailed information on economic events, refer to our economic calendar.

(Sources: OPEC+, Reuters, Economic Calendar)

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