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 Forecast: Move Up Stalls…Again
Natural gas continues to oscillate in an erratic and corrective range. After stalling near $3.00 on July 1, the prompt-month futures contracts have challenged the boundaries of a range between nominally $2.53 and $2.95. This is similar to the range that natural gas traded in for nearly nine months of 2015 before breaking lower in … Continue reading Natural Gas Forecast: Move Up Stalls…Again
Crude Oil Forecast: WTI Oscillating in Corrective Range
Charts tell us what the market knows about itself, and right now, WTI crude oil is confused. There are many competing fundamental, technical, and geopolitical factors in play at the moment. Therefore, no one factor has a clear and decisive edge over the others. October WTI is oscillating in a corrective range and will most … Continue reading Crude Oil Forecast: WTI Oscillating in Corrective Range
Natural Gas Forecast: Pullback Stalls at $2.81
According to some pundits, natural gas’s recent move up is due to improved balancing of supply and demand. Government data shows the degree to which inventories are up this year relative to the five-year average has continued to shrink. It has been a hot summer, and demand has remained relatively strong. That said, production has done … Continue reading Natural Gas Forecast: Pullback Stalls at $2.81
Crude Oil Forecast: WTI’s Correction Poised to Extend
On Friday, WTI crude oil prices pulled back sharply after the U.S. Federal Reserve signaled short-term interest rates may be raised in coming weeks. The U.S. dollar rose, and oil prices fell. The week ended on a negative note, and the corrective pullback extended again on Monday. Aside from the stronger dollar, media outlets also … Continue reading Crude Oil Forecast: WTI’s Correction Poised to Extend
Natural Gas Forecast: September Rises to Key Resistance
Media sources indicate natural gas prices rose for the third straight session on Wednesday due to concerns that a storm could enter the Gulf of Mexico. However, hurricane threats to production are not as alarming as they had been in the past. The Gulf of Mexico accounts for less than five percent of domestic natural … Continue reading Natural Gas Forecast: September Rises to Key Resistance
How is Technical Analysis Used?
Technical analysis is technical. This means there are mathematics, charts, and statistics involved. Some interested in studying and using technical analysis are dismayed when they encounter numbers and charts. A math, engineering, science, or financial degree is not required to make use of technical analysis. However, an orientation towards structuring a view of reality mathematically … Continue reading How is Technical Analysis Used?
Crude Oil Forecast: WTI Confirms Bearish Evening Star
Declines in U.S. crude oil and gasoline inventories, a weaker U.S. dollar, and recent indications that OPEC and other major producers could take measures to stabilize prices are reportedly catalysts for last week’s near eight percent gain. However, some pundits believe the recent rally may keep the market oversupplied as higher prices could encourage more … Continue reading Crude Oil Forecast: WTI Confirms Bearish Evening Star
Natural Gas Forecast: Correction Forms Bearish Pennant
Late last week, September natural gas fulfilled important support near $2.51 when prices fell to $2.523. This is the 1.00 projection of the wave down from $2.99, the 50 percent retracement of the move up from $2.009, and the 62 percent retracement from $2.195. The confluence of targets around $2.51 indicate it is a potential … Continue reading Natural Gas Forecast: Correction Forms Bearish Pennant
What is Technical Analysis?
Stock, commodity, foreign exchange, and fixed income markets are complex beasts that few can tame. There is no one right way to make trading decisions. When it comes to speculating on the direction of a given security traders generally have two ways of analyzing information and making trading decisions: fundamental analysis and technical analysis. The … Continue reading What is Technical Analysis?
Crude Oil Forecast: WTI Overcomes Important Technical Levels
September WTI crude oil’s settle above $44.4 Friday and $45.7 Monday has opened the way for the move up to continue. The Stochastic has risen into overbought territory, but there is no technical evidence the move will stall. The next targets are $46.3, $47.0, and $47.9. The $47.9 level is a crucial confluence point split … Continue reading Crude Oil Forecast: WTI Overcomes Important Technical Levels
