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Crude Oil Price Forecast – February 11, 2020

Posted on February 11, 2020 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil The near-term outlook for WTI crude oil leans negative. Today’s long upper shadow and close below $50.0 does not bode well for bulls. Even so, major support at $49.3, the smaller than (0.618) target of the primary wave down from $71.83 has held so far. Therefore, there is still a reasonable chance … Continue reading Crude Oil Price Forecast – February 11, 2020

Natural Gas Price Forecast – February 5, 2020

Posted on February 05, 2020 by Dean Rogers, CMT in Natural Gas Price Forecast

The long-term outlook for natural gas remains bearish and the recent move up from $1.804 is most likely corrective. However, Tuesday’s confirmed daily bullish RSI divergence and the wave up from $1.804 call for a larger test of resistance before the decline continues. Today, natural gas stalled just below $1.84 support and the subsequent move … Continue reading Natural Gas Price Forecast – February 5, 2020

Crude Oil Price Forecast – February 4, 2020

Posted on February 04, 2020 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil WTI crude oil settled right at the $49.6 target. Support at $49.6 is highly confluent and may still prove to be a stalling point. However, given WTI fell to $49.66, rose to $51.55, then fell back to $49.6 at the end of the day implies that the move down will extend to … Continue reading Crude Oil Price Forecast – February 4, 2020

How to Mitigate Risks Through Energy Hedging

Posted on October 25, 2018 by Dean Rogers, CMT in Energy Hedging

Any company with substantial involvement in either the production or consumption of energy will always want to manage its energy price risk. Energy price fluctuations are a normal occurrence and can have a major impact on a company’s bottom-line. Therefore, company’s generally want to manage this risk in an effective way so that they can … Continue reading How to Mitigate Risks Through Energy Hedging

Crude Oil Short-Term Forecast – September 11, 2018

Posted on September 11, 2018 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil The near-term outlook for WTI crude oil became positive today, and although October did not settle above $69.8 it rose above that level late this afternoon. There is a lot of resistance near the upper limit of the $69.8 target, right around $70.0 still, so there is an outside chance the move … Continue reading Crude Oil Short-Term Forecast – September 11, 2018

Crude Oil Short-Term Forecast – August 14, 2018

Posted on August 14, 2018 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil WTI crude oil has been trading in a very indecisive manner as traders seem to be waiting for clarification of recent events or new external factors to drive the next leg lower or higher. This was most evident today after the early move up overcame $68.1 as expected but stalled before reaching … Continue reading Crude Oil Short-Term Forecast – August 14, 2018

Natural Gas Short-Term Forecast – August 8, 2018

Posted on August 08, 2018 by Dean Rogers, CMT in Natural Gas Price Forecast

Natural gas has adopted a much more positive near-term bias during the last week and is pushing toward key thresholds that could open the way for a longer-term bullish outlook. Today’s settle above $2.94, the upper end of the tolerance range around this week’s $2.91 target, calls for a test of $3.00. There is immediate … Continue reading Natural Gas Short-Term Forecast – August 8, 2018

Crude Oil Short-Term Forecast – August 7, 2018

Posted on August 07, 2018 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil WTI crude oil is trading in an extremely indecisive manner and appears to be waiting on external factors to feed its next move. However, based on the charts and quantitative factors, near-term odds favor a test of at least $68.7 and possibly $68.0 after today’s failed attempt to overcome $70.0 left another … Continue reading Crude Oil Short-Term Forecast – August 7, 2018

Natural Gas Short-Term Forecast – August 1, 2018

Posted on August 01, 2018 by Dean Rogers, CMT in Natural Gas Price Forecast

September natural gas briefly bounced after falling to $2.751, but the move up stalled at $2.788, forming a new primary wave down from $2.831 that is poised to reach at least $2.73 and possibly $2.70 tomorrow. The former is the 62 percent retracement of the move up from $2.671 and the smaller than (0.618) target … Continue reading Natural Gas Short-Term Forecast – August 1, 2018

Crude Oil Short-Term Forecast – July 31, 2018

Posted on July 31, 2018 by Dean Rogers, CMT in Oil Price Forecast

WTI Crude Oil WTI held the 62 percent retracement of the decline from $72.98 and subsequently broke lower out of an intra-day bearish flag. The 50-day moving average at $68.22 was tested and held on a closing basis, but the break lower out of the flag and the wave down from $70.43 call for $68.0 … Continue reading Crude Oil Short-Term Forecast – July 31, 2018

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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.