Oil falls to $75.00, while natural gas struggles with $2.55

<div><img width="1000" height="637" src="https://www.financebrokerage.com/wp-content/uploads/2022/08/shutterstock_127318157.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Oil" decoding="async" loading="lazy" /></div><h1><b>Oil falls to $75.00, while natural gas struggles with $2.55</b></h1>
<ul>
<li aria-level="1">Yesterday, we saw a drop in the price of oil by almost $5, from $79.56 to the $75.13 level.</li>
<li aria-level="1">The price of natural gas is in the support zone of $2.53-$2.64 for the third day in a row.</li>
</ul>
<h2><b>Oil chart analysis</b></h2>
<p>Yesterday, we saw a drop in the price of oil by almost $5, from $79.56 to the $75.13 level. An attempt to reach the $80.00 level ended unsuccessfully. During the previous Asian trading session, we saw a recovery to the $76.00 level, but for now, we remain below it and fail to move above and release the <a href="https://www.financebrokerage.com/safemoon-continues-bearish-while-litecoin-drops-below-70-00/">bearish</a> pressure. This could lead to a test of yesterday’s support level.</p>
<p>A break below would further increase the pressure on the price of oil and send it to lower levels. Potential lower targets are $74.50 and $74.00 levels. For a bullish option, we need a positive consolidation and a jump to the $76.50 level, where we would test the EMA50 moving average.</p>
<p>A move above would relieve the price of bearish pressure, and we could see a continuation of the oil price recovery. Potential higher targets are $77.00 and $77.50 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-244583 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/g6Xe13ME-1024×620.jpg" alt="Oil chart analysis" width="1024" height="620" /></p>
<h2><b>Natural gas chart analysis</b></h2>
<p>The price of natural gas is in the support zone of $2.53-$2.64 for the third day in a row. At the end of this week, we remain under pressure, which could lead to a breakout below and the formation of a new low. With that, we could also expect to see a continued pullback to lower levels next week. Potential lower targets are $2.50 and $2.45 levels.</p>
<p>We need a positive consolidation and a move to the $2.65 level for a bullish option. Then, we would have to try to hold there in order to be able to attack the EMA50 moving average and move above it. Potential higher targets are $2.70 and $2.75 levels.</p>
<p><a href="https://www.tradingview.com/x/Td5yoQJk/"><img decoding="async" loading="lazy" class="aligncenter wp-image-244585 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/Td5yoQJk-1024×620.jpg" alt="Natural gas chart analysis" width="1024" height="620" /></a></p>
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