Blog

Crude Oil Short-Term Forecast – April 17, 2018

Posted on April 17, 2018 by Dean Rogers in Oil Price Forecast

Late last week, May WTI crude oil fulfilled the $67.3 smaller than (0.618) target of the wave $57.6 – 66.55 – 61.81. Although prices settled above this on Friday the move up struggled to extend and an evening star setup with two stars formed. This reversal pattern’s $66.2 completion point was challenged Monday and again … Continue reading Crude Oil Short-Term Forecast – April 17, 2018

Natural Gas Short-Term Forecast – April 11, 2018

Posted on April 11, 2018 by Dean Rogers in Natural Gas Price Forecast

Natural gas is still oscillating within a range between nominally $2.60 and $2.80. Traders are likely waiting on external factors to push the market out of the range, so for now, erratic trading will most likely continue. Prices briefly fell below the lower trend line of the bullish pennant (not a textbook example) that formed … Continue reading Natural Gas Short-Term Forecast – April 11, 2018

Crude Oil Short-Term Forecast – April 10, 2018

Posted on April 10, 2018 by Dean Rogers in Oil Price Forecast

May WTI crude oil’s rise from the recent $61.81 swing low extended again today and is poised to continue. Monday’s bullish piercing pattern was confirmed by settling above Friday’s $63.7 open. There are also no reversal patterns or setups that indicate the move up will end. In addition, the $65.86 swing high fulfilled the smaller … Continue reading Crude Oil Short-Term Forecast – April 10, 2018

Natural Gas Short-Term Forecast – April 4, 2018

Posted on April 04, 2018 by Dean Rogers in Natural Gas Price Forecast

Natural gas continues to show signs that it has settled into a trading range between nominally $2.55 and $2.85. Trading will most likely remain erratic as the market awaits factors to push it out of the range. However, it may be awhile before such factors come forth as the market will be pressed to balance … Continue reading Natural Gas Short-Term Forecast – April 4, 2018

Crude Oil Short-Term Forecast – April 3, 2018

Posted on April 03, 2018 by Dean Rogers in Oil Price Forecast

WTI crude oil’s move up stalled near $66.4, the equal to (1.00) target of the primary wave up from $57.6 last week. The subsequent pullback initially looked corrective, forming four stars and settling the week above March 23’s open. However, the move down accelerated on Monday and is poised to challenge important support at $62.4 … Continue reading Crude Oil Short-Term Forecast – April 3, 2018

Natural Gas Short-Term Forecast – March 28, 2018

Posted on March 28, 2018 by Dean Rogers in Natural Gas Price Forecast

The long-term outlook for natural gas is negative but the May contract met and held support around its $2.60 swing low Monday. The subsequent move up is most likely corrective of a longer-term decline to challenge $2.55 and lower. Even so, there is some technical evidence that the move up could still extend to at … Continue reading Natural Gas Short-Term Forecast – March 28, 2018

Crude Oil Short-Term Forecast – March 27, 2018

Posted on March 27, 2018 by Dean Rogers in Oil Price Forecast

WTI crude oil stalled near crucial resistance at $66.4 Monday and confirmed an intra-day bearish KaseCD divergence. The subsequent pullback completed a bearish Harami line and star today by closing below Friday’s $65.08 midpoint. The pullback is most likely corrective but should test the Harami line and star’s confirmation point near $64.2 tomorrow. A close … Continue reading Crude Oil Short-Term Forecast – March 27, 2018

Short-Term Natural Gas Forecast – March 21, 2018

Posted on March 21, 2018 by Dean Rogers in Natural Gas Price Forecast

Last week, April natural gas broke below the lower trend line of the upward sloping channel it had been oscillating within since February 12. Prices also settled below important support at $2.66. The move down hesitated yesterday, but resistance at $2.71 held this morning and prices fell below the $2.64 swing low today. All of … Continue reading Short-Term Natural Gas Forecast – March 21, 2018

Crude Oil Short-Term Forecast – March 20, 2018

Posted on March 20, 2018 by Dean Rogers in Oil Price Forecast

May WTI crude oil fulfilled a highly confluent and extremely important target at $64.0 today when price rose to $63.98. The move up comes after prices broke higher out of the bullish descending flat wedge Friday and then tested and held the pattern’s upper trend line Monday. As discussed in our weekly forecast, $64.0 is … Continue reading Crude Oil Short-Term Forecast – March 20, 2018

Short-Term Natural Gas Forecast – March 14, 2018

Posted on March 14, 2018 by Dean Rogers in Natural Gas Price Forecast

The near-term outlook for natural gas became more negative today and prices are poised to test at least $2.70 and possibly $2.66 tomorrow. The small move up at the end of the day indicates resistance will probably be challenged first, but $2.76 and no higher than $2.79 is expected to hold. The confirmation of a … Continue reading Short-Term Natural Gas Forecast – March 14, 2018

Older

Newer

Kase and Company, Inc. work products including, but not limited to, reports, comments, forecasts, analysis, and screenshots whether oral or written are “publications” and are not to be construed in any way as “consulting”. No investment or trading advice, recommendation or opinions are being given or intended.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.