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 – February 13, 2024
Today’s rally has positioned WTI crude oil to challenge $79.2 and possibly $79.7 tomorrow. Settling above $79.7 will open the way for $80.7 and higher in the coming days.
The late pullback from $78.47 warns that a test of $77.0 might take place first. This level is expected to hold. Key near-term support at $75.8.
Crude Oil Price Forecast – August 10, 2021
Today’s rally has positioned WTI crude oil to challenge $69.9 tomorrow. This should be strong resistance, but a close above $69.9 will call for a test of key resistance and a bullish decision point at $70.8.
Natural Gas Price Forecast – August 4, 2021
Natural gas is poised to challenge a major objective at $4.24. This is a potential stalling point, but once met, an eventual close above $4.24 is anticipated. Such a move will open the way for a rise toward $4.51 during the subsequent weeks.
Crude Oil Price Forecast – August 3, 2021
WTI’s daily hammer suggest the move down will likely prove to be another short-lived correction. Closing above $72.5 will complete the pattern and call for a test of the hammer’s $73.9 confirmation point.
Gold Price Forecast – July 29, 2021
Gold settled above the 200-day moving average and is now poised to reach at least $1842 and possibly $1855 during the next few days. Support at $1819 is expected to hold and $1805 is key support for the near-term outlook.
Natural Gas Price Forecast – July 28, 2021
Natural gas is poised to decline to at least $3.91 and lower during the next few days. The barrier to a more bearish outlook is $3.82. Resistance at $4.04 is expected to hold and $4.08 is key resistance.
Crude Oil Price Forecast – July 27, 2021
The outlook for WTI is bullish and rising above $72.2 will call for $72.9 and higher in the coming days. However, bearish daily candlesticks and the wave down from $72.43 call for a test of at least $70.4 and possibly $69.6 first. Support at $69.6 is expected to hold.
Natural Gas Price Forecast – July 21, 2021
Natural gas settled above a crucial $3.91 objective and is now poised to challenge $4.00 and higher. Even so, a correction is due, so $3.87 might be tested first.
Crude Oil Price Forecast – July 20, 2021
WTI’s decline from $76.07 stalled below an important target at $65.2. There is still a good chance for a deeper test of support. However, a daily hammer suggests $68.1 and possibly $69.0 will likely be tested first.
Gold Price Forecast – July 15, 2021
Gold tested and held a key objective at $1835 today. An eventual close above this level is expected, which will clear the way for $1857 and higher. However, there is a good chance for a test of $1817 and possibly $1802 first.
