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: Correction Poised to Test $2.51
September natural gas’s correction down from $2.99 is extending after breaking lower out of a coil formation. Tuesday’s close below $2.66, the 0.618 projection of the wave $2.99 – 2.591 – 2.911, opened the way for the 1.00 projection at $2.51. The $2.51 target is also the 50 percent retracement of the move up from … Continue reading Natural Gas Forecast: Correction Poised to Test $2.51
Crude Oil Forecast: WTI’s Correction Gains Ground
September WTI crude oil’s correction up from $39.19 gained ground on Monday when it settled above $42.8. Media outlets indicate the rise was due renewed hopes that OPEC members might consider freezing production levels. OPEC announced on Monday that they would hold informal talks at an energy conference in September. That said, from a technical … Continue reading Crude Oil Forecast: WTI’s Correction Gains Ground
Natural Gas Forecast: September Trying to Break Out of Range
September natural gas is trying to break higher out of the month long trading range. Two important boundaries have been established within the range. First between $2.71 and $2.84. Second between $2.66 and $2.96. Prices rose above $2.84 in early trading Wednesday, but closed just below at $2.839. Nonetheless, prices will likely push for at … Continue reading Natural Gas Forecast: September Trying to Break Out of Range
Natural Gas Forecast: August Stalls at Key Resistance
August natural gas stalled at $2.998 late last week. So far, August has pulled back to $2.697. The $2.998 swing high was in line with the 1.618 projection of the wave $1.99 – 2.494 – 2.157. From a technical standpoint, the move up was due for a correction. Momentum was exhausted and the bearish KasePO … Continue reading Natural Gas Forecast: August Stalls at Key Resistance
Natural Gas Forecast: Daily Shooting Star Warns of Correction
August natural gas pushed to new highs Tuesday and early Wednesday before stalling at $2.974. Cooler than previously expected near-term temperature forecasts are reportedly the culprit for Wednesday’s pullback and settle at $2.863. Longer-term, the outlook for natural gas is positive and is most likely forming a five-wave trend. The move up is due for … Continue reading Natural Gas Forecast: Daily Shooting Star Warns of Correction
Crude Oil Forecast: Technical Factors Negative for WTI
The U.K.’s vote for Brexit came as a shock to many investors and traders around the world. Equity markets have tumbled and crude oil followed suit as the U.S. dollar has risen substantially. Some pundits think the downturn in oil has been overdue, and warn that the market is still oversupplied and could slip further … Continue reading Crude Oil Forecast: Technical Factors Negative for WTI
Natural Gas Forecast: Overdue Correction Poised to Extend
July natural gas rose to a new high for 2016 when it overcame the January 8 swing high of $2.635. The move up extended to crucial resistance near $2.75 and stalled. $2.75 is a confluent target. Most importantly, it is the 1.382 projection of the primary wave $1.949 – 2.427 – 2.08. Negative Factors July’s … Continue reading Natural Gas Forecast: Overdue Correction Poised to Extend
Crude Oil Forecast: August WTI Positioned to Rise Above $50.0 Again
The falling U.S. dollar and higher probability the U.K. will vote to remain in the European Union are reportedly causes for crude oil’s recovery. However, some analysts have stated that increasing U.S. rig counts and production coming back online in Canada will keep a lid on oil prices for the near term. August WTI crude … Continue reading Crude Oil Forecast: August WTI Positioned to Rise Above $50.0 Again
Natural Gas Forecast: July Challenges Its 2016 High
Warm summer weather and a smaller than expected build reported last Thursday were allegedly the catalysts for the surge higher to $2.635. The recent string of smaller than expected builds has some analysts and traders speculating that the glut of gas in storage may shrink much faster than originally expected. July natural gas challenged its … Continue reading Natural Gas Forecast: July Challenges Its 2016 High
Crude Oil Forecast: WTI Stalls, Correction Poised to Extend
As WTI crude oil prices fall from the recent $51.67 high, some reports indicate the pullback is due to the rising U.S. dollar and increased rig counts for the second week in a row. Pundits have also stated the sharp price surge could encourage some producers to increase production, keeping the market oversupplied. Others still … Continue reading Crude Oil Forecast: WTI Stalls, Correction Poised to Extend
