
Gold Price Forecast – July 11, 2024
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.

Natural Gas Price Forecast – July 10, 2024
Natural gas is struggling to gain a foothold from which a more significant test of resistance could occur. Based on current technical factors, prices are poised to test $2.26, a close below which will open the way for $2.21 and $2.18 in the coming days.

Crude Oil Price Forecast – July 9, 2024
WTI crude oil’s pullback from $84.52 is likely a correction but is poised to test at least $80.8 and possibly important support at $79.9 within the next few days. Key near-term resistance is $83.2.

Gold Price Forecast – July 3, 2024
Gold is poised to test the $2383 confirmation point of a $2304 double bottom. Closing above this would warn that the move down from $2477 is complete and clear the way for $2402 and higher in the coming days.

Natural Gas Price Forecast – July 3, 2024
Natural gas is poised to challenge a major wave projection at $2.36. The move down is due for a correction, and although there are no bullish patterns or signals to call for such a move, $2.37 is a potential stalling point.

Crude Oil Price Forecast – July 2, 2024
The outlook for WTI crude oil is bullish for the coming weeks after settling above a key wave projection at $82.4 on Monday. However, today’s shooting star warns that a correction might take place first.

Gold Price Forecast – June 20, 2024
Gold settled above a few important wave projections today that imply a test of $2389 and possibly key resistance at $2405 will take place within the next day or so. Settling above $2405 will imply that the move down is complete and that gold is readopting a firm bullish outlook.

Natural Gas Price Forecast – June 20, 2024
July natural gas settled below a crucial $2.76 target today. This was quite bearish for the outlook and indicates a test of key support at $2.52 may take place within the next week or so.

Crude Oil Price Forecast – June 18, 2024
WTI crude oil overcame key technical levels today and confirmed a bullish reversal and trend. The move up is now poised to test $81.4 and likely a longer-term bullish decision point at $82.4 within the next day or so.

Gold Price Forecast – June 13, 2024
Gold is poised to take out the $2308.7 confirmation point of a double top that formed around $2474 a few weeks ago. Tomorrow, look for a test of $2296, a close below which will open the way for a highly confluent target at $2261.