Crude Oil Price Forecast – June 22, 2021
WTI crude oil is still poised to reach at least $73.7 and ultimately the next major objective at $75.0. However, today’s bearish doji warns that a test of support will probably take place first.
Gold Price Forecast – June 10, 2021
Gold is poised to rise above $1903 and challenge at least $1911 and likely $1923 during the next few days. Support at $1868 is expected to hold and $1854 is key support for the near-term outlook.
Natural Gas Price Forecast – June 9, 2021
The outlook for natural gas leans neutral-to-negative. Falling below $3.11 will call for a test of $3.08, a target that must hold for the move up to negate a $3.20 double top in the coming days.
Crude Oil Price Forecast – June 8, 2021
WTI settled above $70.0 and is now poised to reach at least $71.2 during the next day or so. This is a potential stalling point, but any move down will likely be a short-lived correction. Support at $68.3 is expected to hold.
Natural Gas Price Forecast – June 2, 2021
The near-term outlook for natural gas remains positive and a move above $3.11 will increase odds for a continued rise. However, there is a good chance for a test support at $3.04 and possibly $3.00 first.
Crude Oil Price Forecast – June 1, 2021
The outlook for WTI is bullish and a move back above $68.3 will call for a test of the next major objective at $69.7. However, today’s late pullback suggests a test of $66.7 might take place first.
Natural Gas Price Forecast – May 26, 2021
Natural gas overcame an important intra-day swing high at $3.045 today. This was bullish for the near-term and calls for a test of $3.09 tomorrow. However, there is still a reasonable chance of a deeper test of support or for prices to consolidate into a range before rising much higher.
Crude Oil Price Forecast – May 25, 2021
The outlook for WTI is bullish and the move up is poised to reach $67.4 and likely $68.1 in the coming days. However, today’s doji suggests a test of $64.8 might take place first.
Gold Price Forecast – May 20, 2021
Gold’s close above the 200-day moving average is long-term bullish. However, there are patterns and signals that warn a test of support will probably take place before breaching $1900.
Natural Gas Price Forecast – May 19, 2021
Natural gas’ pullback from Monday’s high indicates the rally was too much too soon. Prices are expected to settle back into a range soon. However, given the aggressive nature of the reversal, an extended test of support might take place first.