2026 Energy Markets Diverge: Oil Prices May Fall Below $50
- Bleak Oil Outlook: Global oil supply is expected to exceed demand in 2026, potentially creating a surplus of up to 3.7 million barrels per day, which could exert persistent downward pressure on prices, with analysts forecasting Brent crude to average between $55 and $62, and possibly fall below $50.
- Tightening Natural Gas Market: In contrast, natural gas demand is projected to outpace production growth, with Henry Hub prices expected to average around $4.00 to $4.20 per MMBtu in 2026, and potentially approach $5 if demand accelerates, indicating structural growth potential in the market.
- OPEC+ Strategic Shift: OPEC+ has shifted towards defending market share rather than aggressively supporting prices, allowing more oil into an already saturated market, which could exacerbate the downward risk for oil prices and impact global energy market stability.
- Global Economic Impact: A slowing global economy and continued softness in China will further limit oil consumption growth, combined with the rapid adoption of electric vehicles and alternative technologies, potentially leading to unprecedented challenges for the oil market in 2026.
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Technical Analysis for GAS
Technical Sentiment Analysis for Gas (GAS) As of , Gas (GAS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GAS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, GAS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gas (GAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.64 | 1.039 | 1.401 | 1.8 | 2.162 | 2.561 | 2.923 |
| Fibonacci | 1.039 | 1.33 | 1.51 | 1.8 | 2.091 | 2.271 | 2.561 |
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