Blog

Crude Oil Short-Term Forecast – March 13, 2018

Posted on March 13, 2018 by Dean Rogers in Oil Price Forecast

The WTI crude oil forecast remains slightly negative given today’s decline to $60.27 after testing and holding resistance around $62.0. The move down is expected to continue, but a small double bottom around $60.27 indicates prices will probably challenge $61.4 first. Resistance is expected to hold. Today’s decline to $60.27 fulfilled important projections for recent … Continue reading Crude Oil Short-Term Forecast – March 13, 2018

Short-Term Natural Gas Forecast – March 7, 2018

Posted on March 07, 2018 by Dean Rogers in Natural Gas Price Forecast

Since February 12, April natural gas had risen in a choppy upward sloping range that formed a bearish flag. However, prices broke higher out of the flag today and settled above the pattern’s upper trend line. The flag’s failure to break lower is bullish for the near-term and calls for a larger upward correction before … Continue reading Short-Term Natural Gas Forecast – March 7, 2018

Crude Oil Short-Term Forecast – March 6, 2018

Posted on March 06, 2018 by Dean Rogers in Oil Price Forecast

The long-term outlook remains slightly negative for WTI crude oil, but the near-term outlook seems to switch from positive to negative on a day-to-day basis. This generally reflects a market that is unsure of itself and could indicate a trading range is forming. For now, though, given today’s failure to settle above the equal to … Continue reading Crude Oil Short-Term Forecast – March 6, 2018

Short-Term Natural Gas Forecast – February 28, 2018

Posted on February 28, 2018 by Dean Rogers in Natural Gas Price Forecast

The outlook for April natural gas remains negative. Prices are still oscillating within the upward sloping bearish flag, but today’s failure to test the top of the flag’s range at $2.73 indicates the formation should attempt to break lower tomorrow. The flag’s lower trend line is nominally $2.64, but $2.63 is key because it is … Continue reading Short-Term Natural Gas Forecast – February 28, 2018

Crude Oil Short-Term Forecast – February 27, 2018

Posted on February 27, 2018 by Dean Rogers in Oil Price Forecast

WTI crude oil’s settle below Friday’s $63.1 midpoint and the daily bearish engulfing line is negative for tomorrow’s outlook. There is immediate support at Friday’s $62.6 open, but the small wave formation down from $64.24 calls for at least $62.3 and likely $61.9. The latter is most crucial for the near-term because it is the … Continue reading Crude Oil Short-Term Forecast – February 27, 2018

Short-Term Natural Gas Forecast – February 21, 2018

Posted on February 21, 2018 by Dean Rogers in Natural Gas Price Forecast

March natural gas finally settled above February’s 9’s $2.64 midpoint. The move up is most likely corrective of the decline from $3.259 and will continue to be a grind. However, natural gas should now challenge at least $2.71 and possibly higher before the decline ultimately continues. The wave $2.53 – 2.662 – 2.565 met its … Continue reading Short-Term Natural Gas Forecast – February 21, 2018

Crude Oil Short-Term Forecast – February 20, 2018

Posted on February 20, 2018 by Dean Rogers in Oil Price Forecast

April WTI crude oil’s move up from $57.9 is most likely corrective of the decline from $66.39 and may be complete. Important resistance was met at $62.65, a bearish intra-day KaseCD divergence was confirmed, and the subsequent move down is poised to extend. Trading over the next few days should indicate whether the upward correction … Continue reading Crude Oil Short-Term Forecast – February 20, 2018

Short-Term Natural Gas Forecast – February 14, 2018

Posted on February 14, 2018 by Dean Rogers in Natural Gas Price Forecast

The outlook for March natural gas remains negative but the formation of another daily star (in this case a hammer) and the small wave formation up from $2.538 indicate there is still a good chance for the upward correction to extend first. However, as stated over the past few days in our premium analysis and … Continue reading Short-Term Natural Gas Forecast – February 14, 2018

Crude Oil Short-Term Forecast – February 13, 2018

Posted on February 13, 2018 by Dean Rogers in Oil Price Forecast

Outlook for WTI March WTI crude oil’s formation of a second daily star (in this case a hammer), confirmed daily KCDpeak, oversold Stochastic, and failure to break the $58.07 swing low are all factors that indicate the upward correction from $58.07 still has a reasonable chance of extending before the decline continues. However, unless WTI … Continue reading Crude Oil Short-Term Forecast – February 13, 2018

Short-Term Natural Gas Forecast – February 7, 2018

Posted on February 07, 2018 by Dean Rogers in Natural Gas Price Forecast

Outlook for Natural Gas March natural gas fell below the $2.693 swing low, which nullifies the wave $2.532 – 3.035 – 2.693 and any potential that the move up from $2.532 would extend as a five-wave pattern. Today’s decline also wiped out the yesterday’s bullish hammer and intra-day bullish divergences. Therefore, as of this afternoon, … Continue reading Short-Term Natural Gas Forecast – February 7, 2018