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Crude Oil Short-Term Forecast – February 7, 2018

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

Outlook for WTI WTI crude oil’s decline wiped out yesterday’s bullish morning star setup and fulfilled the $61.5 larger than (1.618) target of the wave $66.66 – 63.67 – 66.3. If the move down from $66.66 proves to be a three-wave correction the $61.25 swing low should hold. However, as of this afternoon, there is … Continue reading Crude Oil Short-Term Forecast – February 7, 2018

Short-Term Natural Gas Forecast – January 31, 2018

Posted on January 31, 2018 by Dean Rogers in Natural Gas Price Forecast

The conviction of today’s natural gas price decline reflects the market’s disappointment with external factors. The confirmation of yesterday’s shooting star and bearish divergences do not indicate the move up is over, but significantly dampen the odds for March to rise to the levels that February achieved before its expiration. The near-term outlook has shifted … Continue reading Short-Term Natural Gas Forecast – January 31, 2018

Short-Term Natural Gas Forecast – January 23, 2018

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

February natural gas finally broke through $3.32, the upper end of the confluence range around $3.29 +/- $0.03 discussed for the past few weeks. Although the day officially settled at $3.444, prices surged higher after the settlement to $3.628 and fulfilled the larger than (1.618) target of the wave $2.562 – 3.097 – 2.746 and … Continue reading Short-Term Natural Gas Forecast – January 23, 2018

Short-Term Energy Forecasts – January 17, 2018

Posted on January 17, 2018 by Dean Rogers in Natural Gas Price Forecast, Oil Price Forecast

WTI Crude Oil Forecast March WTI crude oil confirmed bearish daily KasePO and KaseCD weak divergences. A weak divergence is one that forms when the confirming bar closes in the opposite direction of the signal, in this case, up. Weak divergences generally do not follow through as well as normal divergences but do warrant caution. … Continue reading Short-Term Energy Forecasts – January 17, 2018

Short-Term Energy Price Forecasts – November 21, 2017

Posted on November 21, 2017 by Dean Rogers in Natural Gas Price Forecast, Oil Price Forecast

WTI Crude Oil Forecast January WTI crude oil settled below $56.94, the 62 percent retracement of the decline from $58.14 to $55.0 and the smaller than (0.618) projection of the wave $55.0 – 56.93 – 55.75. However, this afternoon’s late move above $56.94 indicates the move up should challenge the equal to (1.00) projection at … Continue reading Short-Term Energy Price Forecasts – November 21, 2017

Natural Gas Short-Term Forecast – November 8, 2017

Posted on November 08, 2017 by Dean Rogers in Natural Gas Price Forecast

Monday’s gap up from $2.998 is probably a bullish breakaway gap for December natural gas. This is a reversal pattern that takes place after a prolonged down move or consolidation period. Breakaway gaps are also a good sign that a new trend has possibly begun. This type of gap is not usually filled like common … Continue reading Natural Gas Short-Term Forecast – November 8, 2017

WTI Crude Oil Short-Term Forecast – November 7, 2017

Posted on November 07, 2017 by Dean Rogers in Oil Price Forecast

The long-term outlook for WTI crude oil remains bullish and any move down will most likely be corrective. However, the move up has reached an area of significant resistance between $57.2 and $60.0 for the December contract. Many of the largest waves up from this summer’s $43.08 swing low project to targets within this range. … Continue reading WTI Crude Oil Short-Term Forecast – November 7, 2017

Natural Gas Short-Term Forecast – November 1, 2017

Posted on November 01, 2017 by Dean Rogers in Natural Gas Price Forecast

December natural gas fulfilled the equal to (1.00) target of the wave $3.353 – 3.013 – 3.198 when it fell to $2.847 today. Aside from a few brief declines to targets around $2.75, support around $2.86 has been troublesome on the continuation chart since late June. Technical factors indicate this may prove to be strong … Continue reading Natural Gas Short-Term Forecast – November 1, 2017

WTI Crude Oil Short-Term Forecast – October 31, 2017

Posted on October 31, 2017 by Dean Rogers in Oil Price Forecast

December WTI crude oil had a legitimate chance for the corrective move down from $54.46 to extend today after setting up a daily evening star and intraday head and shoulders formation. However, support held, and prices rose at the end of the day, settling above the key $54.2 target and opening the way for $55.0 … Continue reading WTI Crude Oil Short-Term Forecast – October 31, 2017

Natural Gas Short-Term Forecast – October 18, 2017

Posted on October 18, 2017 by Dean Rogers in Natural Gas Price Forecast

November natural gas met support at $2.85, the intermediate (1.382) target of the wave $3.036 – 2.908 – 3.026. This wave is now in position to extend to its $2.81 larger than (1.618) target. This is an important objective because it is also the smaller than (0.618) target of the waves $3.214 – 2.827 – … Continue reading Natural Gas Short-Term Forecast – October 18, 2017