Natural Gas Price Forecast – January 6, 2021
The outlook for natural gas is bullish. A close above $2.74 and rise above the $2.775 swing high will confirm that a winter bottom has been made. However, there are a few bearish warning signals that suggest a test of $2.66 and possibly $2.58 might take place first.
Crude Oil Price Forecast – January 5, 2021
WTI crude oil shook off yesterday’s decline with ease, reflecting a bullish shift in external factors. WTI is now poised to reach a highly confluent target and probable stalling point at $52.1 during the next few days.
Gold Price Forecast – December 17, 2020
The outlook for gold is bullish after challenging crucial resistance at $1894 today. Nevertheless, this is a highly confluent objective, so there is a reasonable chance for a pullback first. Support at $1852 is expected to hold and $1833 is key.
Natural Gas Price Forecast – December 16, 2020
Natural gas appears to be forming a small five-wave pattern that targets $2.80. However, another daily hanging man warns that the move up might be a simple three-wave correction that is stalling around $2.70 instead.
Crude Oil Price Forecast – December 15, 2020
The outlook for WTI crude oil is bullish and the move up is poised to reach the next major objective at $49.5. However, caution is warranted tomorrow because a small double top around $47.74 might be forming.
Gold Price Forecast – December 10, 2020
Gold is hovering above a bearish decision point at $1824. Closing below this will strongly imply that the recent upward correction is complete.
Natural Gas Price Forecast – December 9, 2020
The outlook for natural gas remains bearish due to the sustained close below $2.48. However, there are a few weak bullish momentum oscillator signals and reversal pattern setups that suggest a bottom might be forming.
Crude Oil Price Forecast – December 8, 2020
The long-term outlook for WTI is bullish. However, a confirmed daily RSI divergence and daily bearish doji suggest the pullback from $46.68 should extend a bit lower before the move up continues.
Gold Price Forecast – December 3, 2020
The near-term outlook for gold leans bullish. However, another test of the 200-day moving average around $1819 will probably take place before prices rise much higher. To retain a bullish outlook this level must hold.
Natural Gas Price Forecast – December 2, 2020
The outlook for natural gas is bearish after confirming a small intra-day double top around $3.00 today. Odds favor another test of at least $2.70 and likely major support at $2.66 tomorrow. Resistance at $2.90 is expected to hold.

