Posts Tagged ‘Natural Gas’

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WTI Crude Oil and Natural Gas Forecast — May 18th 2018

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the May 18th session. WTI Crude Oil — As you can see that the shooting star formed at the $72 level is a negative sign, but really I think at this point, what we are looking at is a pullback to $70 to build up the necessary momentum. Otherwise, if we can break above the top of this candle, that […]

WTI Crude Oil and Natural Gas Forecast — November 24th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the November 24th session. WTI Crude Oil — As you can see, we have rallied a bit. Now I think it is just a matter of time, before it reaches $60. That is an area that could cause a bit of resistance though. So, it is possible that we will continue to be choppy. Given […]

WTI Crude Oil and Natural Gas Forecast — November 16th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the November 16th session. WTI Crude Oil — As you can see, the market was very volatile. We turned around the form a bit of a shooting star. And now it looks as if we are going to try to break down a little bit. If we get below $54, we will probably get to $53. A move below […]

WTI Crude Oil and Natural Gas Forecast — October 24th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 24th session. WTI Crude Oil — As you can see, we continue to bang around with the $53 level as resistance. I think $50 is going to be supportive. This support extends down to $49. In the meantime, I expect a lot of back and forth trading here as the US dollar is strengthening. And of course the oversupply, production cuts, everything […]

WTI Crude Oil and Natural Gas Forecast — October 23rd 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 23rd session. WTI Crude Oil — As you can see, we pulled back a little bit, bounced enough to form a hammer. It looks likely that we are going to continue to see a lot of noise. The area above $52.50 continues to be resistance. If we can break above this area, it is […]

WTI Crude Oil and Natural Gas Forecast — October 17th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 17th session. WTI Crude Oil — As you can see, we did rally pretty significantly, but we have not made a fresh new high. The $52.50 continues to be a problem. By giving back quite a bit of the gains, I think we are probably going to drop from here. This was due to the Iraqi army […]

WTI Crude Oil and Natural Gas Forecast — October 12th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 12th session. WTI Crude Oil — We initially pulled back to find buyers underneath with the Saudis and the Russians looking to continue the overall production cut and therefore that continues to shoot this market to the upside. I think that, given enough time, we will probably go looking for $52.50. Now, if we were to break […]

WTI Crude Oil and Natural Gas Forecast — October 10th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 10th session. WTI Crude Oil — As you can see, we did rally a bit during the day, but gave back most of the gains as we approached the $50. I look at this as a market that has a couple of different levels to pay attention to. Below $49, we probably go down to about $47.50, and then eventually […]

WTI Crude Oil and Natural Gas Forecast — September 25th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the September 22nd session. WTI Crude Oil — As you can see, we initially pulled back during the day, but found enough support to turn around and form a hammer. The $50 level offers support and that suggests we are going to go higher. I don't have any interest in shorting this market until we break […]

WTI Crude Oil and Natural Gas Forecast — September 19th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the September 19th session. WTI Crude Oil — As you can see that the $50 level continues to be a massive barrier above. Given enough time, if we can break above and clear the $51 level, I think we can go higher. Alternatively, if we can break down below the lows of the session, basically $49, […]

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