Natural Gas Price Forecast – June 4, 2025
Natural gas formed a double bottom near $3.436 and rallied, settling above an important wave projection at $3.69 for the past few days. The wave structure favors a test of $3.84, a close above which will confirm the double bottom. However, recent bearish candlesticks and resistance around the 20-day moving average warn of a potential pullback. A drop below $3.65 could lead to $3.56 or $3.51. Settling below $3.51 would shift the focus back to testing $3.41.
WTI Crude Oil Price Forecast – June 3, 2025
WTI crude remains rangebound but bullish after negating a head and shoulders pattern and holding above the 50-day moving average. A close above $64.0 will target $64.7, confirming a breakout and opening the path to $65.4 and higher. However, strong resistance at $63.6 continues to hold, and a small double top near $63.89 warns of a pullback. A close below $62.2 would shift the near-term outlook bearish, targeting $61.2 and $60.5.
Gold Price Forecast – May 22, 2025
Gold fulfilled the $3341 target before pulling back, forming a bearish engulfing line that signals a likely test of support at $3261. While a deeper correction to $3209 is possible, the near-term outlook remains bullish as long as $3209 holds. A close above $3341 will target $3368, and settling above that would confirm the pullback from $3509.9 is complete, opening the way to $3420 and higher.
Natural Gas Price Forecast – May 21, 2025
After forming a bullish engulfing line on Tuesday, June natural gas pulled back to $3.35. While this dampens the likelihood of a bullish reversal, today’s pullback is likely a correction of the rise from $3.098. A move above $3.41 will target $3.46, $3.56, and a bullish decision point at $3.60. However, falling below $3.25 would break key support and shift the near-term outlook to bearish, with targets at $3.18 and lower.
WTI Crude Oil Price Forecast – May 20, 2025
WTI crude oil is trading near the top of its recent range, with a bullish outlook targeting $63.5 and likely $64.7. While $63.5 has held on a closing basis, the wave structure suggests it may not hold much longer. However, trading during the past few days shows some uncertainty, and a pullback to test support at $60.6 and possibly $59.3 could still occur before a breakout higher.
Gold Price Forecast – May 8, 2025
Gold held key support at $3296 but showed only a minimal bounce, keeping the focus on a likely test of $3263 before the weekend. A close below $3263 would signal an extended correction toward $3200 and $3148. If prices rally instead and break above $3358, look for a push to $3392; however, gold must settle above $3441 to regain a firm bullish outlook targeting $3538 and higher.
Natural Gas Price Forecast – May 7, 2025
Natural gas rallied today and is poised to challenge $3.67 and a key objective at $3.72 again. Settling above $3.72 will open the way for $3.81 and likely $3.90 in the coming days. Nevertheless, an intraday coil warns that another test of support at $3.50 and possibly $3.46 could occur upon a move below $3.56 tomorrow.
WTI Crude Oil Price Forecast – May 6, 2025
June WTI crude oil rose to test $59.8 and confirmed Monday’s hammer, keeping the near-term outlook bullish with targets at $60.2 and $61.4. A close above $61.4 would signal that the decline from $64.87 is complete, setting up a move to challenge $63.0 and $64.1. However, the broader trend remains bearish, and a pullback to $58.1 or $57.1 could occur first. A close below $57.1 would shift near-term sentiment back to bearish.
Gold Price Forecast – May 1, 2025
June gold broke below $3275, ending a six-day range, with near-term targets at $3187 and $3137. Momentum and trend indicators confirmed the bearish shift. While a short-term bounce may test resistance at $3273 or possibly $3327, a close above $3395 is needed to signal that the pullback from $3509.9 is complete.
Natural Gas Price Forecast – April 30, 2025
June natural gas held major support at $3.02 and rallied, confirming bullish momentum signals and briefly rising above the 200-day MA and $3.44 resistance. A close above $3.44 will open the way to $3.53 and higher. While the pullback from $3.457 appears corrective, today’s small decline warns that another test of $3.28 is possible. Closing below $3.18 would imply the rally from $3.007 is over and shift the focus back to $3.02.
