WTI Crude Oil Price Forecast – May 20, 2025
WTI crude oil is trading near the top of its recent range, with a bullish outlook targeting $63.5 and likely $64.7. While $63.5 has held on a closing basis, the wave structure suggests it may not hold much longer. However, trading during the past few days shows some uncertainty, and a pullback to test support at $60.6 and possibly $59.3 could still occur before a breakout higher.
Gold Price Forecast – May 8, 2025
Gold held key support at $3296 but showed only a minimal bounce, keeping the focus on a likely test of $3263 before the weekend. A close below $3263 would signal an extended correction toward $3200 and $3148. If prices rally instead and break above $3358, look for a push to $3392; however, gold must settle above $3441 to regain a firm bullish outlook targeting $3538 and higher.
Natural Gas Price Forecast – May 7, 2025
Natural gas rallied today and is poised to challenge $3.67 and a key objective at $3.72 again. Settling above $3.72 will open the way for $3.81 and likely $3.90 in the coming days. Nevertheless, an intraday coil warns that another test of support at $3.50 and possibly $3.46 could occur upon a move below $3.56 tomorrow.
WTI Crude Oil Price Forecast – May 6, 2025
June WTI crude oil rose to test $59.8 and confirmed Monday’s hammer, keeping the near-term outlook bullish with targets at $60.2 and $61.4. A close above $61.4 would signal that the decline from $64.87 is complete, setting up a move to challenge $63.0 and $64.1. However, the broader trend remains bearish, and a pullback to $58.1 or $57.1 could occur first. A close below $57.1 would shift near-term sentiment back to bearish.
Gold Price Forecast – May 1, 2025
June gold broke below $3275, ending a six-day range, with near-term targets at $3187 and $3137. Momentum and trend indicators confirmed the bearish shift. While a short-term bounce may test resistance at $3273 or possibly $3327, a close above $3395 is needed to signal that the pullback from $3509.9 is complete.
Natural Gas Price Forecast – April 30, 2025
June natural gas held major support at $3.02 and rallied, confirming bullish momentum signals and briefly rising above the 200-day MA and $3.44 resistance. A close above $3.44 will open the way to $3.53 and higher. While the pullback from $3.457 appears corrective, today’s small decline warns that another test of $3.28 is possible. Closing below $3.18 would imply the rally from $3.007 is over and shift the focus back to $3.02.
Gasoline Price Forecast – April 29, 2025
June gasoline is approaching a key target at $2.044, the confirmation point of a double top that could open the way to $1.966. Upon a close below $2.044, the connection to $1.966 is made through $2.028 and $1.996. While $2.044 could be a stalling point, no bullish signals suggest the move down will stall. A bounce above $2.095 would weaken the bearish case, with $2.125 as the level to negate the double top and shift focus to $2.156 and $2.173
Gold Price Forecast – April 24, 2025
Gold settled above an important retracement level and Wednesday’s midpoint, reducing the odds of a test of $3202. However, while the $3396 intra-day swing high holds, the wave down from $3509.9 still favors a test of $3202. A close above $3386 would call for a push through $3396 toward key near-term resistance at $3421. Settling above $3421 will imply that the corrective pullback is complete.
Natural Gas Price Forecast – April 23, 2025
Natural gas has closed below the critical $3.04 level for three straight days, confirming a bearish outlook and setting up a move toward $2.91 and $2.83. The decline also broke the key $2.99 swing low, negating a bullish five-wave pattern from $1.481 on the continuation chart. While $3.00 has held on a closing basis and today’s inside day shows uncertainty, a close above $3.21 is needed to signal a larger corrective rebound toward $3.29 and $3.37.
WTI Crude Oil Price Forecast – April 22, 2025
June WTI crude oil is working its way higher, with the wave up from $54.67 targeting $66.2 in the coming days. A close above $64.4 will open the way for $65.1 and $66.2. However, resistance at $64.1 and a bearish intra-day KasePO divergence warn that a pullback to $62.5 might occur first. This level is expected to hold. Key support for the near-term is $60.7.
