Market Forecasts and 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.
Natural Gas Price Forecast – April 7, 2020
Natural gas rose in an aggressive manner again today and settled above the 62 percent retracement of the decline from $2.044. This suggests prices will likely rise to challenge $2.00 and possibly higher again soon. There are no reversal patterns or setups that call for the move up to stall. However, there is a significant … Continue reading Natural Gas Price Forecast – April 7, 2020
Crude Oil Price Forecast – April 7, 2020
WTI Crude Oil Price Forecast WTI crude oil’s decline from $29.13 accelerated this afternoon and took out the $25.4 and $24.5 targets discussed in yesterday’s update. Based on the primary wave down from $29.13, the move is still poised to challenge the crucial $23.3 objective. This is near the 62 percent retracement of the move … Continue reading Crude Oil Price Forecast – April 7, 2020
Gold Price Forecast – April 2, 2020
Gold rallied today as expected and overcame the $1623 target discussed in yesterday’s update. The move up is now poised to reach $1651. This is the 62 percent retracement of the decline from $1698.0. A close above $1651 would strongly suggest the move down is over. Closing above $1685, the 89 percent retracement and highest … Continue reading Gold Price Forecast – April 2, 2020
Natural Gas Price Forecast – April 1, 2020
May natural gas fell to a new contract low of $1.580 today and settled below the $1.593 larger than (1.618) target of the first wave down from $2.044. The move down is poised to extend. Based on the waves down from $1.782 and $1.731, the prompt month should reach at least $1.56 and likely $1.50. … Continue reading Natural Gas Price Forecast – April 1, 2020
Crude Oil Price Forecast – March 31, 2020
WTI Crude Oil WTI crude oil held support around the psychologically important $20.0 level again and formed a bullish inverted hammer on the daily chart. This suggests the move down is hesitant to break $20.0 and clear the way for the next leg of the move down. Nonetheless, WTI has settled below the smaller than … Continue reading Crude Oil Price Forecast – March 31, 2020
Crude Oil Price Forecast – February 11, 2020
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
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
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
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
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
