Market Forecasts and Insights
Kase Market Commentary
Samples of Kase’s energy and metals price forecasts, daily updates, market commentary, and educational perspectives on technical analysis and trading — published by Dean Rogers, CMT.
WTI Crude Oil Price Forecast – December 2, 2025
WTI crude oil failed to retest the $60.0 resistance area and instead formed a bearish engulfing line, signaling weakness within the descending broadening wedge that has developed since the $61.84 high. With a shortfall suggesting the wedge may fail, January WTI is now poised to test $58.3 and likely $57.7, with a close below $57.7 opening the way toward a key downside target at $56.6. While a rebound toward $60.0 remains possible, only a sustained close above $60.4–$60.7 would confirm a bullish breakout.
Natural Gas Price Forecast – November 25, 2025
January natural gas fell to challenge major support at $4.39. This is a key threshold shaped by the equal to (1.00) target of the wave down from $4.881, the 50 percent retracement of the rise from $3.913, the 100-day moving average, and the trend line up from $3.913. The test of $4.39 negated the potential for a five-wave trend and weakened the broader bullish case. The near-term outlook is bearish, with a close below $4.39 opening the way for $4.34, $4.28, and $4.23 within the next few days. Still, $4.39 is a probable stalling point given its confluence and importance, and a rebound to $4.57 and $4.64 is plausible. Closing above $4.64 will suggest that the corrective move down is complete. However, a close above $4.86 is necessary to reestablish a firm bullish trend.
Natural Gas Price Forecast – November 19, 2025
Natural gas held important support at $4.27 and confirmed Tuesday’s hammer, signaling the pullback from $4.688 is likely complete. Prices now look poised to retest $4.63 and potentially break above $4.68. This would signal that Wave V of a five-wave trend up from $3.595 is underway. Near-term support is $4.46, $4.38, and $4.32. Closing below $4.32 would shift the near-term odds in favor of prices falling to $4.14.
WTI Crude Oil Price Forecast – November 18, 2025
WTI crude oil broke higher out of a bullish flag again. Today’s close above $60.7 strengthens the near-term outlook, following last week’s failed breakout of the flag and test of key support at $58.1. WTI now targets a major $61.7 objective. This is a highly confluent target tied to multiple wave projections, key retracements, and the 100-day moving average. A sustained close above $61.7 would confirm a bullish outlook for the next couple of weeks. If prices drop before clearing $61.2, look for support at $60.2 and $59.8. Closing below $59.8 would confirm another false breakout and call for another attempt to take out $58.1.
Brent Crude Oil Price Forecast – November 4, 2025
Brent crude oil is trading in a corrective range, but today’s decline calls for another test of $63.7. A close below this level would confirm near-term weakness and open the way for $62.9. However, $63.7 has held on a closing basis for a week, and the $62.38 swing low forms the right shoulder of an inverse head and shoulders pattern. Holding above $63.7 and closing above $65.8 would signal renewed bullish strength, setting up a move to $67.0 and higher.
Natural Gas Price Forecast – October 29, 2025
Natural gas challenged a key area of support between $3.76 and $3.80 today, holding this crucial zone on a closing basis while forming a daily morning star. However, the late drop below $3.80 suggests $3.76 could be challenged again early tomorrow. A close below $3.76 would confirm further weakness and another test of $3.62. Holding $3.76 and closing above $3.96 would confirm the morning star and shift near-term momentum bullish, opening the way for a test of $4.09.
WTI Crude Oil Price Forecast – October 28, 2025
December WTI crude oil pulled back after testing resistance near $62.0, completing a shooting star and signaling short-term weakness. Prices are expected to test $59.4 and $58.9 tomorrow, with $58.5 marking key support. The most probable scenario is that prices begin to consolidate. However, a close below $58.5 would strongly suggest that the recent move up is failing. Nevertheless, because $60.0 was held on a closing basis, the decline could still prove to be a short-lived correction. A close above $62.0 would confirm renewed strength and open the way for $62.6 and the next major threshold at $63.7.
Gold Price Forecast – October 23, 2025
December gold’s outlook heading into the weekend leans bearish after Tuesday’s bearish engulfing line and the confirmation of a double top near $4396 and daily bearish momentum oscillator signals. However, an important trendline and the 20-day moving average held on Wednesday, and the $4175 confirmation point of an intraday double bottom at $4023 was challenged today. Therefore, it may be premature to state that a top has been made and that a bearish reversal is underway. The key levels to watch ahead of the weekend and possibly for the next few days are $4011 and $4259.
Natural Gas Price Forecast – October 22, 2025
Natural gas rallied to $3.572, testing major resistance at the trendline from $5.396 and the 100-day moving average before forming a long-legged doji that signals near-term uncertainty. While a short-term pullback toward $3.36 or $3.31 may occur, Monday’s breakaway gap, a daily RSI divergence, and daily oversold signals suggest a bullish reversal is underway. Holding above $3.31 support and closing over $3.60 would confirm the bullish outlook, opening the way for $3.65 to $3.74 in the coming days.
Brent Crude Oil Price Forecast – October 21, 2025
Brent crude oil held above key support at $60.1, a major confluence point that aligns with multiple wave projections and the psychological $60.0 level. A double bottom, two daily hammers, a bullish engulfing line, and a KasePO PeakOut (oversold signal) suggest a correction is underway. A close above $62.3 would confirm the bullish candlestick patterns and open the way for $62.7 and possibly $63.8. However, the call for tomorrow is tight because the broader downtrend remains intact. Falling below $60.9 would call for another test of key support at $60.1.
