Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

WTI Crude Oil and Natural Gas Forecast - 4 March 2019

By Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

WTI Crude Oil

The WTI Crude Oil market initially tried to rally during the trading session on Friday, but broke down significantly at the highs again, as we continue to simply go back and forth. This is a market that is stuck between the 200 day EMA above and the 50 day EMA below. I think at this point the market is trying to figure out where it’s going next, and you should be thinking more along the lines of extraordinarily short-term trades, as it’s the only thing working at the moment. If we can finally break above the 200 day EMA, then the market should take off to the upside for a longer-term move. Alternately, a move below the 50 day EMA is extraordinarily negative. Right now, there is simply no conviction in one direction or the other.

Crude oil

Natural Gas

Natural gas markets rallied a bit during the trading session on Friday, as we continue to work our way towards the gap that is at the $3.00 level. Overall, if we rally towards that area I will be the first person to start selling at the signs of exhaustion. At that point, I believe that we could have a better move just waiting to happen. However, if we continue to go higher then I think we’re looking at an opportunity to start selling the market at $3.15, where we see the 200 day EMA. At this point, the market looks very likely to continue to focus on the longer-term fundamentals and right now I think what we are simply seeing is a bit of profit taking from those who had sold at such high levels. This is a market that is oversupplied, so therefore I have no interest in trying to buy this market.

Natural gas

Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Most Visited Forex Broker Reviews