LME Copper Price Forecast – January 15, 2026
LME Copper Technical Analysis and Near-Term Outlook This is a brief analysis for the next day or so. Our weekly Metals Commentary and daily updates are detailed and thorough price forecasts that cover key COMEX precious metals futures contracts and LME Non-Ferrous (Base) metals, spot gold, the gold/silver ratio, and metals ETFs. If you are … Continue reading LME Copper Price Forecast – January 15, 2026
Brent Crude Oil Price Forecast – January 13, 2026
Brent crude oil has turned decisively bullish, breaking above the $64.81 swing high and settling above key Fibonacci projection levels and the 100- and 200-day moving averages. Prices are now trading above all major moving averages, daily trend indicators are bullish, and a double bottom around $58.4 strengthens the bullish case. A sustained close above $66.1 will call for $66.9 and likely $68.0. Key near-term support is $64.1, with a deeper correction to $63.1 and possibly lower in the case that $64.1 fails to hold.
Gold Price Forecast – January 8, 2026
February gold’s pullback from $4584 appears to have completed a corrective phase, with key Fibonacci support levels holding. Gold is now positioned to retest $4500, with a close above that level opening the door to $4532, $4563, and potentially a new high near $4615. Near-term support sits at $4426, with deeper downside levels at $4394, $4362, and $4327. A close below $4327 would shift the bias back to the downside, targeting $4259 and $4212.
Natural Gas Price Forecast – January 7, 2026
February natural gas rose today, confirming daily bullish momentum divergences on the KasePO, RSI, Stochastic, and MACD oscillators. This signals downside exhaustion and sets up a broader test of resistance before the downtrend resumes. Price has respected the $3.59 level so far. Closing above this will clear the way for $3.67, and potentially $3.77 and $3.83. However, failing to close above $3.59 and taking out $3.43 would refocus attention on critical near-term support at $3.30.
WTI Crude Oil Price Forecast – January 6, 2026
WTI Crude Oil Technical Analysis and Short-Term Forecast This is a brief analysis for the next day or so. Our weekly Crude Oil Forecast and daily updates are much more detailed and thorough energy price forecasts that cover WTI, Brent, RBOB Gasoline, Diesel, and spreads. If you are interested in learning more, please sign up … Continue reading WTI Crude Oil Price Forecast – January 6, 2026
Natural Gas Price Forecast – December 10, 2025
January natural gas briefly dipped below the trendline up from $3.913 but held key support at $4.51. The near-term outlook remains bearish with no confirmed bullish reversal signals. Closing below $4.51 would indicate the advance from $3.913 has ended and open the way for a test of $4.38, a move below which would provide the final piece of evidence to confirm the uptrend has been broken. However, today’s spinning top suggests market indecision, and this area could serve as a stalling point. A rebound above $4.69 would target $4.78 and potentially $4.86. Settling above $4.86 would signal improving bullish sentiment and revive the possibility that the uptrend can extend.
WTI Crude Oil Price Forecast – December 2, 2025
WTI crude oil failed to retest the $60.0 resistance area and instead formed a bearish engulfing line, signaling weakness within the descending broadening wedge that has developed since the $61.84 high. With a shortfall suggesting the wedge may fail, January WTI is now poised to test $58.3 and likely $57.7, with a close below $57.7 opening the way toward a key downside target at $56.6. While a rebound toward $60.0 remains possible, only a sustained close above $60.4–$60.7 would confirm a bullish breakout.
Natural Gas Price Forecast – November 25, 2025
January natural gas fell to challenge major support at $4.39. This is a key threshold shaped by the equal to (1.00) target of the wave down from $4.881, the 50 percent retracement of the rise from $3.913, the 100-day moving average, and the trend line up from $3.913. The test of $4.39 negated the potential for a five-wave trend and weakened the broader bullish case. The near-term outlook is bearish, with a close below $4.39 opening the way for $4.34, $4.28, and $4.23 within the next few days. Still, $4.39 is a probable stalling point given its confluence and importance, and a rebound to $4.57 and $4.64 is plausible. Closing above $4.64 will suggest that the corrective move down is complete. However, a close above $4.86 is necessary to reestablish a firm bullish trend.
Natural Gas Price Forecast – November 19, 2025
Natural gas held important support at $4.27 and confirmed Tuesday’s hammer, signaling the pullback from $4.688 is likely complete. Prices now look poised to retest $4.63 and potentially break above $4.68. This would signal that Wave V of a five-wave trend up from $3.595 is underway. Near-term support is $4.46, $4.38, and $4.32. Closing below $4.32 would shift the near-term odds in favor of prices falling to $4.14.
WTI Crude Oil Price Forecast – November 18, 2025
WTI crude oil broke higher out of a bullish flag again. Today’s close above $60.7 strengthens the near-term outlook, following last week’s failed breakout of the flag and test of key support at $58.1. WTI now targets a major $61.7 objective. This is a highly confluent target tied to multiple wave projections, key retracements, and the 100-day moving average. A sustained close above $61.7 would confirm a bullish outlook for the next couple of weeks. If prices drop before clearing $61.2, look for support at $60.2 and $59.8. Closing below $59.8 would confirm another false breakout and call for another attempt to take out $58.1.
