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.
Gold Price Forecast – June 24, 2021
The outlook for gold is bearish, and the decline from $1919.2 looks to form a five-wave pattern that targets $1734.
Natural Gas Price Forecast – June 23, 2021
Natural gas is still poised to reach a major objective at $3.40. However, today’s late pullback and close below $3.35 suggests a test of $3.29 and possibly $3.26 will likely take place first.
Crude Oil Price Forecast – June 22, 2021
WTI crude oil is still poised to reach at least $73.7 and ultimately the next major objective at $75.0. However, today’s bearish doji warns that a test of support will probably take place first.
Gold Price Forecast – June 10, 2021
Gold is poised to rise above $1903 and challenge at least $1911 and likely $1923 during the next few days. Support at $1868 is expected to hold and $1854 is key support for the near-term outlook.
Natural Gas Price Forecast – June 9, 2021
The outlook for natural gas leans neutral-to-negative. Falling below $3.11 will call for a test of $3.08, a target that must hold for the move up to negate a $3.20 double top in the coming days.
Crude Oil Price Forecast – June 8, 2021
WTI settled above $70.0 and is now poised to reach at least $71.2 during the next day or so. This is a potential stalling point, but any move down will likely be a short-lived correction. Support at $68.3 is expected to hold.
Natural Gas Price Forecast – June 2, 2021
The near-term outlook for natural gas remains positive and a move above $3.11 will increase odds for a continued rise. However, there is a good chance for a test support at $3.04 and possibly $3.00 first.
Crude Oil Price Forecast – June 1, 2021
The outlook for WTI is bullish and a move back above $68.3 will call for a test of the next major objective at $69.7. However, today’s late pullback suggests a test of $66.7 might take place first.

