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Crude Oil Price Forecast – July 23, 2024

Posted on July 23, 2024 by Dean Rogers, CMT in Oil Price Forecast

WTI crude oil has been quite bearish for the past few days. Major support between $76.1 and $76.6 was challenged today. The move up from $76.4 is likely a correction though, so another test of $76.6 is expected. Closing below $76.1 will confirm a bearish outlook for the coming days and likely the next few weeks.

Gold Price Forecast – July 11, 2024

Posted on July 11, 2024 by Dean Rogers, CMT in Gold Price Forecast

Gold settled above a crucial $2412 objective today. This implies that the move down from $2477 is complete. Another test of $2431 is expected, a close above which will open the way for a highly confluent target at $2458. Key support for the near term is $2380.