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Natural gas nears $3.25 resistance amid storm concerns; oil prices fall on mixed inventory data.

Market News
07 Oct 2026
FXEmpire
View Source
Neutral
Natural gas nears $3.25 resistance amid storm concerns; oil prices fall on mixed inventory data.

Natural gas prices are testing resistance at $3.20-$3.25 due to worries about storm disruptions and anticipation of an EIA report showing increased gas storage. If it breaks this level, it may rise to $3.40-$3.45, while a drop below $3.15 could push it down to $3.00 or lower. Meanwhile, WTI oil prices fell after the EIA report showed a larger-than-expected crude inventory drop but a rise in gasoline stocks, with oil trying to hold support around $88.50. Brent oil is also retreating below $100 after failing to sustain gains above $101.50, facing support near $97.00. These movements reflect cautious trading amid geopolitical tensions and supply concerns.

Natural gas and oil price forecasts provide context for market activity. Of 150 US stocks priced on Pluang as of Oct 08, 2026 01:41 WIB, 50 rose and 98 fell. Moderna (MRNA) rose 4.33% to USD 195.57, Marqeta (MQ) gained 4.17% to USD 17.24, while Coinbase (COIN) dropped 4.10% to USD 178.12.

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