Market Insights
Kase Market Commentary
Samples of Kase’s energy and metals price forecasts, daily updates, market commentary, and educational perspectives on technical analysis and trading — published by Dean Rogers, CMT.
Crude Oil Price Forecast – March 26, 2024
WTI’s pullback from $83.12 is likely a correction. Even so, weekly and daily bearish technical patterns and signals suggest a deeper test of support should take place. Closing below $80.7 will clear the way for such a move in the coming days.
Gold Price Forecast – March 21, 2024
The longer-term outlook for gold is bullish. However, today’s bearish long-legged doji reflects near-term uncertainty and warns that a test of at least $2175 will likely take place before the uptrend extends.
Natural Gas Price Forecast – March 20, 2024
Natural gas is poised to test the bottom of its recent trading range at $1.64 after testing support at $1.69 today. This is a tight call but closing below $1.64 will call for the April contract to fall to a new low of at least $1.59.
Crude Oil Price Forecast – March 20, 2024
WTI crude oil has been due for a correction and today’s decline has put near-term odds in favor of a deeper test of support. Tomorrow, look for a test of $80.6, a close below which will clear the way for $80.1 and possibly $79.0 in the coming days.
Gold Price Forecast – March 14, 2024
Gold’s pullback from $2203 is likely a correction and may form a bullish flat descending triangle. However, the wave down from $2203 favors a test of $2139 before the move up extends. Therefore, near-term odds lean in favor of a deeper test of support before the uptrend extends.
Natural Gas Price Forecast – March 13, 2024
April natural gas is poised to fall to a new contract low of at least $1.59. Settling below this will open the way for $1.55 and then a highly confluent and important target at $1.49.
Crude Oil Price Forecast – March 12, 2024
WTI crude oil has held major support at $77.3 on a closing basis for the past couple of days. Odds still lean in favor of closing below $77.3, which will open the way for $76.8 and likely $76.2 in the coming days.
Gold Price Forecast – March 7, 2024
Gold is due for a correction and has formed a potential double top around $2172. However, there are no confirmed bearish patterns or signals that call for a reversal. Near-term odds remain bullish and a test of $2190 is expected within the next day or so.
Natural Gas Price Forecast – March 6, 2024
Natural gas is struggling to close above a key target at $1.96. The outlook remains bullish though and closing above $1.96 will open the way for another test of $2.00 and higher.
Nevertheless, today’s pullback warns that a test of $1.90 and possibly $1.85 might take place before the move up extends.
Crude Oil Price Forecast – March 5, 2024
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 – March 5, 2024
