Tuesday, November 18, 2025 — Technicals. We analyze the technical setup across WTI crude, Brent crude, and natural gas. The charts confirm bearish momentum in crude and structural support in natural gas.
Show Notes
Welcome to Energy Markets Daily, brought to you by DailyDominanceNow.com. Tuesday, November 18, 2025 — Technicals. Today, we analyze the technical setup across WTI crude, Brent crude, and natural gas. The charts are telling a clear story. **WTI Crude - Bearish Breakdown** WTI crude dropped to $59.40 per barrel today. This is a breakdown. **Support and Resistance:** Support: $58.00, then $56.14 (61.8% Fibonacci extension). Below that, $54.59 and $52.09 are in play. Resistance: $60.82 (50-day moving average), $61.52 (200-day moving average), and $62.50. **Moving Averages:** The 100-day SMA is below the 200-day SMA. This confirms bearish momentum. The gap is widening. Price is trading below both dynamic inflection points. WTI tested the 50-day moving average multiple times but failed to break and hold above it. The 200-day moving average sits overhead at $61.52. **RSI and MACD:** RSI remains below the midpoint, signaling sellers are in control. MACD is flashing sell signals. Technical indicators across the board show "Strong Sell." **The Setup:** WTI is trading within a descending trend line since mid-2025. A sustained break below $58 opens the door to $56.14, then $54.59. The path of least resistance is down. **Brent Crude - Descending Channel** Brent crude fell to $63.74 per barrel. **Support and Resistance:** Support: $63.40, $62.77, $60.55, and $60.00 (psychological level). Resistance: $64.15, $65-$66 zone, and $66.95. **Technical Picture:** Brent is moving within a declining trend and descending channel. Moving averages indicate a short-term bearish trend. Prices have broken below signal lines, confirming downward pressure. A break below $60.55 would confirm further declines toward $58.45, then $52.45. A breakout above $66.95 would invalidate the downward trend. **Natural Gas - Overbought But Supported** Natural gas is trading at $4.37 per MMBtu, up 0.10% today. **RSI and MACD:** RSI is at 37.27, signaling a "Sell." Below 30 is oversold; above 70 is overbought. MACD is at -0.038, also signaling "Sell." **The Bullish Case:** Winter demand is strong. Cold weather forecasts for December support prices. LNG exports are surging to record levels, driven by European demand. Natural gas maintains a higher-lows pattern. A breakout above $3.70 earlier this month established a long-term reversal. **The Bearish Case:** U.S. production is at record levels. Storage is 4% above the five-year average. Technical indicators show "Strong Sell." **Key Levels:** Support: $3.95. A break below shifts the outlook bearish. Resistance: $4.70-$4.80. A breakout targets $5.00. **The Levels That Matter** WTI crude: Support at $58. Resistance at $60.82 (50-day MA). Brent crude: Support at $60. Resistance at $65. Natural gas: Support at $3.95. Resistance at $4.70. **Final Word** The technicals confirm what the fundamentals are saying: crude is breaking down. WTI below $58 opens $56, then $54. Natural gas is holding structural support despite overbought signals. Winter demand and LNG exports are the backstop. The divergence trade remains intact. For inquiries: energymarkets@protonmail.com. Subject: Energy Capital. This is Energy Markets Daily. We'll see you Wednesday for Macro Context.
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Energy Markets Daily delivers essential intelligence for global energy capital. Hosted with institutional authority, this daily brief covers WTI/Brent crude analysis, natural gas markets, energy M&A activity, drilling intelligence, and the geopolitical developments that drive billion-dollar energy decisions.
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