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Natural Gas Short-Term Forecast – August 8, 2018

Posted on August 08, 2018 by Dean Rogers in Natural Gas Price Forecast

Natural gas has adopted a much more positive near-term bias during the last week and is pushing toward key thresholds that could open the way for a longer-term bullish outlook. Today’s settle above $2.94, the upper end of the tolerance range around this week’s $2.91 target, calls for a test of $3.00. There is immediate … Continue reading Natural Gas Short-Term Forecast – August 8, 2018

Crude Oil Short-Term Forecast – August 7, 2018

Posted on August 07, 2018 by Dean Rogers in Oil Price Forecast

WTI Crude Oil WTI crude oil is trading in an extremely indecisive manner and appears to be waiting on external factors to feed its next move. However, based on the charts and quantitative factors, near-term odds favor a test of at least $68.7 and possibly $68.0 after today’s failed attempt to overcome $70.0 left another … Continue reading Crude Oil Short-Term Forecast – August 7, 2018

Natural Gas Short-Term Forecast – August 1, 2018

Posted on August 01, 2018 by Dean Rogers in Natural Gas Price Forecast

September natural gas briefly bounced after falling to $2.751, but the move up stalled at $2.788, forming a new primary wave down from $2.831 that is poised to reach at least $2.73 and possibly $2.70 tomorrow. The former is the 62 percent retracement of the move up from $2.671 and the smaller than (0.618) target … Continue reading Natural Gas Short-Term Forecast – August 1, 2018

Crude Oil Short-Term Forecast – June 26, 2018

Posted on June 26, 2018 by Dean Rogers in Oil Price Forecast

WTI Crude Oil August WTI crude oil overcame yesterday’s intra-day double top and met this week’s initial $70.9 target. In addition, today’s settle above a key retracement of the decline from $72.7 indicates the move up is unfolding as a five-waves and that the $72.7 swing high will probably be tested before the end of … Continue reading Crude Oil Short-Term Forecast – June 26, 2018

Natural Gas Short-Term Forecast – May 23, 2018

Posted on May 23, 2018 by Dean Rogers in Natural Gas Price Forecast

The near-term outlook for June natural gas has become much more positive. Odds favor a continued rise toward the next major objective of $2.98. However, today’s long upper shadow indicates a test of support might take place first, though this should present a buying opportunity for bulls. Yesterday, prices finally overcame the $2.873 swing high … Continue reading Natural Gas Short-Term Forecast – May 23, 2018

Crude Oil Short-Term Forecast – May 22, 2018

Posted on May 22, 2018 by Dean Rogers in Oil Price Forecast

WTI Crude Oil WTI crude oil’s trend remains bullish but is still showing signs of exhaustion. Daily and weekly momentum indicators are overbought and setup for bearish divergence, the weekly candlesticks continue to form long upper shadows, and before yesterday’s rise to a new high the daily chart formed a series of spinning tops, a … Continue reading Crude Oil Short-Term Forecast – May 22, 2018

Natural Gas Short-Term Forecast – May 16, 2018

Posted on May 16, 2018 by Dean Rogers in Natural Gas Price Forecast

After holding support near $2.70 last week, June natural gas rallied and overcame the $2.844 swing high. This was somewhat positive, but the move stalled just below the more important $2.873 swing high. This swing defines the top of the trading range that has contained prices since mid-February. For now, odds still slightly favor a … Continue reading Natural Gas Short-Term Forecast – May 16, 2018