
Natural Gas Price Forecast – July 28, 2021
Natural gas is poised to decline to at least $3.91 and lower during the next few days. The barrier to a more bearish outlook is $3.82. Resistance at $4.04 is expected to hold and $4.08 is key resistance.

Crude Oil Price Forecast – July 27, 2021
The outlook for WTI is bullish and rising above $72.2 will call for $72.9 and higher in the coming days. However, bearish daily candlesticks and the wave down from $72.43 call for a test of at least $70.4 and possibly $69.6 first. Support at $69.6 is expected to hold.

Natural Gas Price Forecast – July 21, 2021
Natural gas settled above a crucial $3.91 objective and is now poised to challenge $4.00 and higher. Even so, a correction is due, so $3.87 might be tested first.

Crude Oil Price Forecast – July 20, 2021
WTI’s decline from $76.07 stalled below an important target at $65.2. There is still a good chance for a deeper test of support. However, a daily hammer suggests $68.1 and possibly $69.0 will likely be tested first.

Gold Price Forecast – July 15, 2021
Gold tested and held a key objective at $1835 today. An eventual close above this level is expected, which will clear the way for $1857 and higher. However, there is a good chance for a test of $1817 and possibly $1802 first.

Natural Gas Price Forecast – July 14, 2021
Natural gas is poised to test $3.59, a close below which will open the way for $3.54 and likely $3.48 during the next few days. Resistance at $3.71 is expected to hold and $3.82 is the key threshold.

Crude Oil Price Forecast – July 13, 2021
WTI crude oil settled above a key retracement and met wave a projection that implies the pullback from $76.98 is complete. Odds favor a move to at least $76.3 and likely $77.3 during the next couple of days.

Gold Price Forecast – July 1, 2021
Gold is still poised to decline to a major objective at $1735. Closing below $1763 will increase odds for such a move. However, there are patterns that suggest a test of $1789 and possibly $1802 will take place first.

Natural Gas Price Forecast – June 30, 2021
Natural gas has risen at an unsustainable rate and today’s late formation of a double top sets up natural gas for a significant reversal. There is still upside risk, but the move up is not expected to last much longer.

Crude Oil Price Forecast – June 29, 2021
The near-term outlook for WTI is tight, but support at $72.0 held and the move up is poised to challenge $73.9 and possibly $75.0 during the next few days. The $75.0 target is a probable stalling point.