Natural Gas Price Forecast – March 5, 2025
Natural gas rebounded from just below $4.24 support and settled above $4.44, setting up a test of a key objective at $4.56 tomorrow. This is a crucial target tied to multiple wave projections, making a close above $4.56 challenging. Settling above $4.56 will target $4.67 and $4.74. However, while the $4.518 swing high holds, the wave down from $4.551 still shows potential to extend to $4.19
Gasoline Price Forecast – March 4, 2025
Gasoline briefly dipped below key support before forming a daily hammer, signaling a potential test of $2.208 and $2.229. However, the broader move down from $2.4072 appears to be forming a five-wave pattern, with key downside targets at $2.139 and $2.085. While today’s bounce suggests Wave IV may already be underway, a close above $2.229 and then $2.248 would challenge the bearish wave count and indicate a shift toward bullish sentiment. Near-term, expect a test of resistance before the downtrend extends.
Gold Price Forecast – February 27, 2025
Gold broke out of its $2887-$2970 range, dipping below $2887 again in post-settlement trading and settling under the 20-day moving average. The decline targets $2864, with potential drops to $2840 and $2822—the latter aligning with the 38 percent retracement of the rise from $2586.7. A close below $2822 suggests a deeper test of support. However, because $2887 was held on a closing basis, a false break lower remains possible; a move above $2916 could test $2939 resistance, a close above which would push gold back toward $2970.
Natural Gas Price Forecast – February 26, 2025
Natural gas stalled just above $4.17 before dropping below the 62 percent retracement of the rise from $3.875, signaling the end of the corrective move up. The outlook is bearish, with an expected test of $3.90 tomorrow; a break below could lead to $3.85, $3.81, and possibly $3.74 within the next few days. If the decline stalls and resistance is tested, $4.03 should hold—breaking past it may push prices to $4.09 or $4.13, potentially setting the stage for a run at $4.17 again.
Crude Oil Price Forecast – February 25, 2025
May Brent crude oil broke lower, taking out support at $73.6 and settling below critical wave projections, confirming a bearish outlook for the coming days and weeks. The wave down from $79.98 now favors a test of $70.4, a long-term decision point. In the near term, watch for $71.8, with minor targets at $71.5 and $71.0 connecting to $70.4. While $72.5 held as a potential stalling point, any rebound is likely corrective, with resistance expected at $73.4 and $74.3.
Gold Price Forecast – February 20, 2025
Gold is struggling to close above $2965, the key breakout level from its recent range ($2887–$2965). Prices briefly hit $2973.4 before pulling back but remain near resistance, with another test of $2965 expected. A close above targets $2980 and $2997. However, indecisive trading and an intra-day head and shoulders pattern warn that another test of support might take place first. Closing below $2943 will confirm the head and shoulders and lead to tests of $2930 and key support at $2909. Settling below $2909 will put $2887 at risk.
Natural Gas Price Forecast – February 19, 2025
Natural gas surged past $4.14 and is now targeting $4.36, though a correction is due as the rally’s pace is unsustainable. While $4.36 is a key level, this move may overshoot resistance, with $4.43, $4.48, and $4.59 as the next targets. The RSI is overbought, but no bearish signals have confirmed a stall yet. If a pullback occurs, $4.15 should hold, with key support at $4.01.
Crude Oil Price Forecast – February 18, 2025
April WTI crude held key support at $70.2, forming a triple (or arguably quadruple) bottom. A bullish engulfing line and a close above key moving averages suggest a larger test of resistance ahead. A break above $72.1 targets $72.8 and the $73.3 confirmation point for a bullish breakout. Conversely, $70.2 remains the key support—closing below it would negate the triple bottom and open the way for $69.5 and lower.
Natural Gas Price Forecast – February 12, 2025
Natural gas tested key resistance at $3.58. Closing above this will confirm a bullish shift in sentiment. Such a move would target $3.61, $3.64, and $3.74 in the coming days. However, there is potential for a small double top at $3.58 that would be confirmed by a close below $3.46.
Crude Oil Price Forecast – February 11, 2025
WTI Crude Oil Technical Analysis and Short-Term Forecast This is a brief analysis for the next day or so. Our weekly Crude Oil Forecast and daily updates are much more detailed and thorough energy price forecasts that cover WTI, Brent, RBOB Gasoline, Diesel, and spreads. If you are interested in learning more, please sign up … Continue reading Crude Oil Price Forecast – February 11, 2025
