Blog

Crude Oil Price Forecast – July 28, 2020

Posted on July 28, 2020 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil Price Forecast The long-term outlook for WTI crude oil is bullish. However, WTI continues to trade in a very erratic and indecisive manner in the near-term. The move up looks exhausted and some technical patterns and signals suggest a sizable test of support should take place before the move up continues. However, … Continue reading Crude Oil Price Forecast – July 28, 2020

Natural Gas Price Forecast – July 22, 2020

Posted on July 22, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

Natural Gas Price Forecast Natural gas rallied again today after falling to $1.622 in early trading hours. The subsequent move up met the $1.698 equal to (1.00) target of the wave up from $1.605. This wave is now poised to reach its $1.73 intermediate (1.382) target tomorrow. This is also the 38 percent retracement of … Continue reading Natural Gas Price Forecast – July 22, 2020

Natural Gas Price Forecast – July 8, 2020

Posted on July 08, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

Natural Gas Price Forecast Natural gas has adopted a bullish outlook for the remaining summer months after rallying to a high of $1.924. This was the equal to (1.00) target of the August contract’s primary wave up from $1.517 and was in line with the 50-day moving average. However, today’s bearish engulfing line calls for … Continue reading Natural Gas Price Forecast – July 8, 2020