Market Forecasts and Insights
Kase Market Commentary
Samples of Kase’s energy and metals price forecasts, daily updates, market commentary, and educational perspectives on technical analysis and trading — published by Dean Rogers, CMT.
Crude Oil Price Forecast – February 11, 2025
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 Crude Oil Price Forecast – February 11, 2025
Gold Price Forecast – February 6, 2025
Gold’s long-term outlook remains bullish after settling above an important wave projection at $2867 that makes a connection to $3041. However, today’s decline confirmed bearish signals, including a MACD divergence and an overbought RSI. A close below $2854 could trigger a correction to $2840, with deeper support at $2814 and $2784. That said, this is a tight call for tomorrow. If gold overcomes $2894 look for tests of $2914 and possibly another potential stalling point at $2931.
Natural Gas Price Forecast – February 5, 2025
March natural gas held support at $3.16 and rallied to test $3.38, signaling a bullish near-term outlook. A break above $3.38 will target $3.42, with a move past $3.48 opening the door to $3.59. However, a correction of the move up from $3.161 is due soon. Watch for support at $3.29, with $3.23 as a key level to hold. Settling below $3.23 would significantly weaken the bullish outlook.
Crude Oil Price Forecast – February 4, 2025
WTI crude oil tested and important target at $70.6 before bouncing to $73.35, where resistance held. A long-legged doji signals uncertainty, but the near-term outlook remains bearish. A break below $71.6 could lead to $70.6 and $69.6, a longer-term bearish decision point. However, a small bullish flag may be forming. Holding above $72.1 and closing above $73.5 would confirm a breakout toward $74.1 and $75.2. Overcoming $75.2 would shift the odds in favor of testing $76.1.
Gold Price Forecast – January 30, 2025
Gold surged past $2795 and hit the $2825 target, briefly overcoming $2826.3 with a high of $2829.5. While a double top is possible, the wave structure suggests further upside toward $2835 and the key $2849 target. No strong bearish signals are present, but after today’s rally, a test of support could come first. The $2798 midpoint is expected to hold, with key support at $2773. A close below $2773 before another move higher would signal a double top and a deeper pullback.
Natural Gas Price Forecast – January 29, 2025
March natural gas held support at the 200-day SMA ($3.07) and tested resistance at $3.19 but failed to close above it, keeping the near-term outlook bearish. A break below $3.07 could lead to $3.00 and potentially $2.95, signaling a continued bearish reversal. However, an intra-day wave suggests a possible test of $3.21, with a break higher targeting $3.26 and key near-term resistance at $3.34.
Crude Oil Price Forecast – January 28, 2025
WTI crude oil is still poised to decline to $72.2 and possibly $71.5 within the next few days. However, today’s test of Monday’s midpoint warns that the corrective move up from $72.38 could challenge $74.5 and then key near-term resistance at $75.1 first.
Gold Price Forecast – January 9, 2025
Gold has been on the rise again. The move up might still prove to be a correction of the decline from $2761.3, but prices are poised to challenge $2704 and possibly a bullish decision point at $2721 within the next few days. Closing above $2721 will confirm a bullish outlook and open the way for an eventual test of $2793. For now, $2659 is expected to hold, and $2635 is key support for the near term.
Natural Gas Price Forecast – January 8, 2025
Natural gas continues to hold major near-term support at $3.39. Prices also fulfilled a wave projection at $3.68 today that calls for a test of $3.77 and likely $3.85 within the next few days. Settling above $3.85 will imply that the corrective move down from $4.201 is complete. However, volatility remains high so caution is warranted. Taking out $3.52 will call for another attempt to test $3.39.
Crude Oil Price Forecast – January 7, 2025
WTI crude oil shook off Monday’s pullback and is poised to challenge $74.8 again. Closing above this will clear the way for tests of $75.4, $76.0, and possibly $76.7 in the coming days. Key near-term support is $72.7.
