Natural Gas Price Forecast – May 26, 2021
Natural gas overcame an important intra-day swing high at $3.045 today. This was bullish for the near-term and calls for a test of $3.09 tomorrow. However, there is still a reasonable chance of a deeper test of support or for prices to consolidate into a range before rising much higher.
Crude Oil Price Forecast – May 25, 2021
The outlook for WTI is bullish and the move up is poised to reach $67.4 and likely $68.1 in the coming days. However, today’s doji suggests a test of $64.8 might take place first.
Gold Price Forecast – May 20, 2021
Gold’s close above the 200-day moving average is long-term bullish. However, there are patterns and signals that warn a test of support will probably take place before breaching $1900.
Natural Gas Price Forecast – May 19, 2021
Natural gas’ pullback from Monday’s high indicates the rally was too much too soon. Prices are expected to settle back into a range soon. However, given the aggressive nature of the reversal, an extended test of support might take place first.
Crude Oil Price Forecast – May 18, 2021
WTI fulfilled an important target at $67.0 and negated the double and triple top patterns that formed around $66.65. The move up is now poised to reach at least $68.1 during the next few days. To do so, WTI must hold $62.9 and settle above $66.6.
Gold Price Forecast – May 13, 2021
Gold is struggling to reach the next major objective at $1857 but also failed to confirm a small double top today. The pullback from $1846.3 is likely corrective, but the outlook for the next few days is tight.
Natural Gas Price Forecast – May 12, 2021
Natural gas remains indecisive but is poised to break higher out of a bullish expanding wedge. This will negate a complex head and shoulders pattern and clear the way for $3.02 and possibly higher during the next few days.
Crude Oil Price Forecast – May 11, 2021
The near-term outlook for WTI is tight but leans bullish headed into tomorrow. Rising above $65.9 will increase odds for a test of $66.8 and $67.7. However, support at $64.1 must hold.
Gold Price Forecast – May 6, 2021
Gold settled above a highly confluent $1806 objective today and is now poised to challenge the $1676 double bottom’s target at $1837 in the coming days. Support at $1801 is expected to hold and $1787 is key support for the near-term outlook.
Natural Gas Price Forecast – May 5, 2021
Natural gas is still poised to challenge a highly confluent $3.03 target. However, the move up is showing signs of exhaustion. For now, support is expected to hold, but downside risk is increasing.

