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Gold Price Forecast – April 16, 2020

Posted on April 16, 2020 by Dean Rogers, CMT in Gold Price Forecast

The long-term outlook for gold is bullish and prices are still poised to eventually challenge targets above $1800. However, confluent resistance was met around the $1788.8 high, at which point a daily evening star reversal pattern and several bearish divergences formed. In addition, the intra-day wave down from $1788.8 fulfilled its smaller than (0.618) at … Continue reading Gold Price Forecast – April 16, 2020

Natural Gas Price Forecast – April 15, 2020

Posted on April 15, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

The outlook for natural gas is firmly bearish and today’s nominal close below $1.60 clears the way for a test of $1.54 and possibly $1.50. These are the intermediate (1.382) and larger than (1.618) targets of the primary wave down from $1.918, respectively. The sub-waves down from $1.813 also show that these two objectives are … Continue reading Natural Gas Price Forecast – April 15, 2020

Natural Gas Price Forecast – April 7, 2020

Posted on April 07, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

Natural gas rose in an aggressive manner again today and settled above the 62 percent retracement of the decline from $2.044. This suggests prices will likely rise to challenge $2.00 and possibly higher again soon. There are no reversal patterns or setups that call for the move up to stall. However, there is a significant … Continue reading Natural Gas Price Forecast – April 7, 2020

Crude Oil Price Forecast – April 7, 2020

Posted on April 07, 2020 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil Price Forecast WTI crude oil’s decline from $29.13 accelerated this afternoon and took out the $25.4 and $24.5 targets discussed in yesterday’s update. Based on the primary wave down from $29.13, the move is still poised to challenge the crucial $23.3 objective. This is near the 62 percent retracement of the move … Continue reading Crude Oil Price Forecast – April 7, 2020