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Natural Gas Forecast: A Dose of Reality

Posted on September 06, 2017 by Dean Rogers in Natural Gas Price Forecast

Yesterday’s decline was a dose of reality that has set natural gas back into a state of uncertainty. With all factors considered, October natural gas will most likely settle back into a neutral trading range between nominally $2.91 and $3.04. This is about the same range prices oscillated within before last Thursday’s break high out … Continue reading Natural Gas Forecast: A Dose of Reality

Crude Oil Forecast: WTI Poised to Challenge $50.0

Posted on September 06, 2017 by Dean Rogers in Oil Price Forecast

October WTI crude oil could not settle above $49.2 resistance and is exhibiting signs of exhaustion. A pullback should take place soon, but at this point, there are no definitive technical factors that indicate the move up will stall before reaching $49.6 and possibly $50.0. A close over $50.0 would open the way for another … Continue reading Crude Oil Forecast: WTI Poised to Challenge $50.0

Natural Gas Forecast: Oscillating Within Bullish Flag

Posted on August 30, 2017 by Dean Rogers in Natural Gas Price Forecast

October natural gas looks to be well balanced as it continues to oscillate in a range between nominally $2.88 and $3.03. The range forms a bullish flag after holding support at $2.88 on Monday. However, today’s early move up stalled before it could overcome the $2.998 swing high and challenge the flag’s $3.03 upper trend … Continue reading Natural Gas Forecast: Oscillating Within Bullish Flag

Crude Oil Forecast: Head and Shoulders Calls for Lower Prices

Posted on May 30, 2017 by Dean Rogers in Oil Price Forecast

WTI crude oil fell sharply last Thursday after OPEC and other major producers announced an extension to production cuts through March 2018. This was expected by most, and according to media, the decline was due to disappointment that production cuts were not deeper, which many had hoped for. U.S. shale production remains a concern, though … Continue reading Crude Oil Forecast: Head and Shoulders Calls for Lower Prices

Crude Oil Forecast: Corrective Move Up Stalls

Posted on May 16, 2017 by Dean Rogers in Oil Price Forecast

Last Wednesday, June WTI broke higher out of the intraday bullish flag discussed in the crude oil forecast. The subsequent move up overcame the 0.618 and 1.00 projections of the wave $43.76 – 46.98 – 45.53. However, June stalled at $49.66 before meeting key resistance at $50.1. This is the confluence point between the 1.382 … Continue reading Crude Oil Forecast: Corrective Move Up Stalls

Crude Oil Forecast: WTI’s Corrective Decline Poised to Extend

Posted on April 18, 2017 by Dean Rogers in Oil Price Forecast

On Tuesday, crude oil prices continued to slip lower. Technical factors indicate June WTI’s corrective decline from $54.14 is poised to extend to at least $52.2. This is the 1.618 projection of the wave $54.14 – 53.14 – 53.8 and the 50-day moving average. A close below $52.2 would call for key near-term support at … Continue reading Crude Oil Forecast: WTI’s Corrective Decline Poised to Extend

Natural Gas Forecast: Prices Grind Lower After Gaping Down

Posted on December 14, 2016 by Dean Rogers in Natural Gas Price Forecast

As of December 9, natural gas had risen for the fourth straight week to the highest level in two years. Reports indicate the surge was due to colder than average temperatures in recent weeks. However, on December 12, January natural gas gapped down after the move up stalled at $3.777. The gap may be an … Continue reading Natural Gas Forecast: Prices Grind Lower After Gaping Down