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Crude Oil Price Forecast – May 19, 2020

Posted on May 19, 2020 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil Price Forecast The long-term outlook for WTI crude oil is bullish, and based on technical factors, the move up is still poised to challenge the next major objective at $35.1. However, several daily momentum oscillators are overbought, and today’s evening star setup suggests the move up is nearing exhaustion. The challenge, however, … Continue reading Crude Oil Price Forecast – May 19, 2020

Natural Gas Price Forecast – May 13, 2020

Posted on May 13, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

June natural gas broke support at $1.66 and fell to a new contract low of $1.595. Based on the waves and sub-waves down from $2.162 this is a highly confluent objective and a potential stalling point. Nonetheless, closing below $1.59 will call for $1.53, the last target protecting the continuation chart’s $1.519 swing low. Settling … Continue reading Natural Gas Price Forecast – May 13, 2020