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Natural Gas Forecast: Rally Fails to Close Over $2.03

Posted on April 06, 2016 by Dean Rogers, CMT in Natural Gas Price Forecast

Last week May natural gas formed a double top at $2.03. The confirmation point for the pattern was $1.837, the swing low between the two peaks of $2.032 and $2.028. May rose above the $2.03 double top, but failed to close over this crucial level on both Monday and Tuesday. This was negative and set … Continue reading Natural Gas Forecast: Rally Fails to Close Over $2.03

Crude Oil Forecast: WTI Poised to Challenge Support at $35.3

Posted on April 04, 2016 by Dean Rogers, CMT in Oil Price Forecast

Saudi Arabia once again made clear they will only freeze output at current levels if other nations, including Iran, also do so. Iran has balked at the idea and stated objections on numerous occasions. Reports indicate this came as a shock to bullish oil traders, some of whom had thought the Saudi’s softened their tone … Continue reading Crude Oil Forecast: WTI Poised to Challenge Support at $35.3

Natural Gas Forecast: May Stalls at Key Resistance, For Now

Posted on March 30, 2016 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers Natural gas entered into the injection season a bit earlier than normal, and as a result, prices have settled into a state of flux. It is too soon to say that a long-term bottom has been made, especially for the May contract. However, over the past few days the charts have shown … Continue reading Natural Gas Forecast: May Stalls at Key Resistance, For Now

Gasoline Forecast: May RBOB Futures Forming Fifth Wave

Posted on March 28, 2016 by Dean Rogers, CMT in Oil Price Forecast

Since early February, RBOB gasoline futures have been trending higher, forming a five-wave pattern. We follow a few simple rules when breaking down a five-wave move. Generally, each of the impulse waves (I, III, V) have to be proportional to one another, each of the impulse waves should break down into five-sub-waves, and most importantly, … Continue reading Gasoline Forecast: May RBOB Futures Forming Fifth Wave

Natural Gas Forecast: Pullback Will Test Major Support at $1.74

Posted on March 23, 2016 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers It looks as though the natural gas rally has stalled and that prices will most likely settle into a trading range. The move up had been resilient for the past few weeks, reaching a crucial target at $1.91 and nearly extending to key resistance just above $2.00. However, the lack of a … Continue reading Natural Gas Forecast: Pullback Will Test Major Support at $1.74

Crude Oil Forecast: May WTI Poised to Test $43.1 Decision Point

Posted on March 21, 2016 by Dean Rogers, CMT in Oil Price Forecast

WTI’s move up has been resilient for the past few weeks. The waves up from $29.85 may be interpreted as either a five-wave trend that is still forming Wave III or a three wave correction that has nearly completed Wave C. Technical factors indicate May WTI is approaching a decision point at $43.1. In either … Continue reading Crude Oil Forecast: May WTI Poised to Test $43.1 Decision Point

Natural Gas Forecast: Correction Poised to Extend

Posted on March 14, 2016 by Dean Rogers, CMT in Natural Gas Price Forecast

The highly anticipated natural gas correction is underway. The wave $1.611 – 1.74 – 1.687 overcame its $1.758 0.618 projection Wednesday morning. The correction should extend to at least $1.81, the 1.00 projection. A close over $1.758 would have increased odds for $1.81. Nonetheless, as long as the $1.687 swing low holds on a closing … Continue reading Natural Gas Forecast: Correction Poised to Extend

Crude Oil Forecast: April WTI Confirms Double Bottom

Posted on March 14, 2016 by Dean Rogers, CMT in Oil Price Forecast

Crude oil continued to rise on Monday as traders anticipate a production freeze that will be discussed by major producers at a meeting later this month. In addition, US production has started showing signs that it is declining. Caution is warranted because the prices rise has become asymptotic, but most technical factors are positive and … Continue reading Crude Oil Forecast: April WTI Confirms Double Bottom

Natural Gas Forecast: Correction Poised to Extend

Posted on March 09, 2016 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers The highly anticipated natural gas correction is underway. The wave $1.611 – 1.74 – 1.687 overcame its $1.758 0.618 projection Wednesday morning. The correction should extend to at least $1.81, the 1.00 projection. A close over $1.758 would have increased odds for $1.81. Nonetheless, as long as the $1.687 swing low holds … Continue reading Natural Gas Forecast: Correction Poised to Extend

Crude Oil Forecast: April WTI Confirms Double Bottom

Posted on March 07, 2016 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers Crude oil continued to rise on Monday as traders anticipate a production freeze that will be discussed by major producers at a meeting later this month. In addition, US production has started showing signs that it is declining. Caution is warranted because the prices rise has become asymptotic, but most technical factors … Continue reading Crude Oil Forecast: April WTI Confirms Double Bottom

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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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.