Oil and natural gas: Oil is maintained at around $91.00

<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/10/shutterstock_545016799.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Oil" decoding="async" loading="lazy" /></div><h1><b>Oil and</b> <strong>natural</strong> <b>gas: Oil is maintained at around $91.00</b></h1>
<ul>
<li aria-level="1">Today’s oil price movement is in the $90.60-$91.30 range.</li>
<li aria-level="1">During the Asian trading session, the price of natural gas retreated to the $2.74 level.</li>
</ul>
<h2><b>Oil chart analysis</b></h2>
<p>Today’s oil price movement is in the $90.60-$91.30 range. The price is under slight pressure after pulling back from the $95.00 level. We CAN say that we are now testing the EMA50 moving average in the hope of getting its support and starting a continuation of the recovery. We need a price return above the $92.00 level to see a positive step on the <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-bullish-above-80-00/">bullish</a> side. Potential higher targets are $92.50 and $93.00 levels.</p>
<p>We need a negative consolidation and a drop in oil prices below the $90.50 level for a bearish option. After that, we could expect to see a test of the $90.00 level. A break below would indicate a continuation of the price pullback to lower levels. Potential lower targets are $89.50 and $89.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230383 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/e2uiXCyh-1024×620.jpg" alt="Oil chart analysis" width="1024" height="620" /></p>
<h2><b>Natural gas chart analysis</b></h2>
<p>During the Asian trading session, the price of natural gas retreated to the $2.74 level. At that level, we managed to stop the pullback and start growing up to the $2.78 level. This consolidation could continue to push the price up to the $2.80 spot the market opened last night. A breakthrough above would indicate that the gas price has the strength to continue and conquer higher levels. Potential higher targets are $2.82 and $2.84 levels.</p>
<p>We need a negative consolidation and price pullback to this morning’s support at the $2.74 level for a bearish option. A break below would drop us to a test of the $2.72 level and the EMA50 moving average in that zone. Potential lower targets are $2.70 and $2.68 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230384 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/0NglgSfV1-1024×620.jpg" alt="Natural gas chart analysis" width="1024" height="620" /></p>
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