Gasoline Price Forecast – April 29, 2025
June gasoline is approaching a key target at $2.044, the confirmation point of a double top that could open the way to $1.966. Upon a close below $2.044, the connection to $1.966 is made through $2.028 and $1.996. While $2.044 could be a stalling point, no bullish signals suggest the move down will stall. A bounce above $2.095 would weaken the bearish case, with $2.125 as the level to negate the double top and shift focus to $2.156 and $2.173
Gold Price Forecast – April 24, 2025
Gold settled above an important retracement level and Wednesday’s midpoint, reducing the odds of a test of $3202. However, while the $3396 intra-day swing high holds, the wave down from $3509.9 still favors a test of $3202. A close above $3386 would call for a push through $3396 toward key near-term resistance at $3421. Settling above $3421 will imply that the corrective pullback is complete.
Natural Gas Price Forecast – April 23, 2025
Natural gas has closed below the critical $3.04 level for three straight days, confirming a bearish outlook and setting up a move toward $2.91 and $2.83. The decline also broke the key $2.99 swing low, negating a bullish five-wave pattern from $1.481 on the continuation chart. While $3.00 has held on a closing basis and today’s inside day shows uncertainty, a close above $3.21 is needed to signal a larger corrective rebound toward $3.29 and $3.37.
WTI Crude Oil Price Forecast – April 22, 2025
June WTI crude oil is working its way higher, with the wave up from $54.67 targeting $66.2 in the coming days. A close above $64.4 will open the way for $65.1 and $66.2. However, resistance at $64.1 and a bearish intra-day KasePO divergence warn that a pullback to $62.5 might occur first. This level is expected to hold. Key support for the near-term is $60.7.
Natural Gas Price Forecast – April 16, 2025
Natural gas is struggling to close below the 200-day moving average at $3.21. Even so, the outlook remains bearish, with the wave down from $4.946 targeting a key objective and probable stalling point at $3.04. No bullish signals are present, but holding above $3.21 and breaking $3.32 could spark a rebound toward $3.38 and $3.44.
Brent Crude Oil Price Forecast – April 15, 2025
Brent crude oil formed another daily doji, reflecting ongoing market uncertainty. The near-term outlook leans bullish, with the potential to test $66.0 and $66.8 within the next day or so. However, there’s still the risk of a pullback—falling below $63.5 would lead to a test of $61.8. A drop to $61.8 would invalidate the bullish wave up from $58.4, signaling rising bearish sentiment again.
Natural Gas Price Forecast – April 9, 2025
May natural gas rebounded after stalling just above key support at $3.336, confirming bullish MACD and Stochastic divergences. A reversal may be underway, with the move up from $3.336 targeting $3.89 and possibly $3.95 tomorrow. A close above $3.95 would signal a stronger recovery toward $4.05 and $4.15. Near-term support is $3.64 and $3.52, with $3.52 expected to hold. A drop below $3.52 would shift focus back to challenging key support at $3.40 again.
WTI Crude Oil Price Forecast – April 8, 2025
WTI crude oil continued its decline, settling below key wave projections and setting up for a test of $57.7 and $56.1, with potential to reach $55.5 in the coming days. Monday’s long-legged doji was negated, and no bullish patterns currently suggest a reversal. While momentum indicators are oversold and a short-term bounce could occur, any move up will likely be corrective. Resistance is at $60.3 and $61.2, with a close above $61.2 needed to signal a stronger correction before prices fall to fulfill targets in the mid-$50s.
Natural Gas Price Forecast – March 26, 2025
May natural gas continues to grind lower after breaking $4.05 support, with prices struggling to close below the 50-day moving average at $3.85. The wave formation favors a test of $3.76, a key decision point—closing below it will open the way to $3.49 and $3.40. Momentum remains weak, with no bullish signals yet. However, if prices rally above $3.96, look for resistance at $4.02 and $4.07.
WTI Crude Oil Price Forecast – March 25, 2025
May WTI crude oil held resistance at $69.7 and settled below a key $69.2 decision point again, suggesting the decline from $76.57 may resume. Bearish signals, including a daily long-legged doji and KaseCD divergence setup, support a move lower, with $67.9, $67.3, and $66.7 as near-term downside targets. However, closing above $69.8 would confirm bullish sentiment and open the way for $70.4, $70.8, and $71.9. Tomorrow’s price action will be crucial.
