Kase Forecasts of the Week – Spot Gold and S&P 500 Index
Spot Gold (XAU) The long-term outlook for gold is still reasonably promising after prices rallied from a six-year low in December. However, from a technical standpoint, the decline from the 1263.48 swing high is poised to challenge support targets before the move up continues. KaseX triggered a strong short entry signal called a pierced dart … Continue reading Kase Forecasts of the Week – Spot Gold and S&P 500 Index
Kase Forecasts of the Week – Spot Gold and S&P 500 Index
By Dean Rogers Spot Gold (XAU) The long-term outlook for gold is still reasonably promising after prices rallied from a six-year low in December. However, from a technical standpoint, the decline from the 1263.48 swing high is poised to challenge support targets before the move up continues. KaseX triggered a strong short entry signal called … Continue reading Kase Forecasts of the Week – Spot Gold and S&P 500 Index
Crude Oil Forecast: WTI Pulls Back After Talks of Output Freeze
By Dean Rogers March WTI pulled back from its $31.53 swing high made in early trading Tuesday after several nations, including Saudi Arabia and Russia, agreed to freeze production at current levels. While this might be a step in the direction of a long-term recovery, halting output at current levels would do little for a … Continue reading Crude Oil Forecast: WTI Pulls Back After Talks of Output Freeze
Natural Gas Forecast: March Working Its Way Below $2.00 Again
By Dean Rogers Forecasts for freezing temperatures this weekend in the eastern U.S. have had a minimal impact on natural gas prices this week. Many traders are looking ahead to above normal temperatures in coming weeks. In addition, many speculate that Thursday’s EIA Natural Gas Storage Report will reflect the smallest withdrawal from storage for … Continue reading Natural Gas Forecast: March Working Its Way Below $2.00 Again
Crude Oil Forecast: March WTI Poised to Challenge Contract Low
By Dean Rogers Fears of a persistent supply glut still weigh heavily on the minds of traders. In addition, media reports stated that last week Saudi Arabia slashed prices on its highest-quality crude oil destined for Europe and Asia. Some are interpreting this as a signal that Saudi Arabia is still willing to deal with … Continue reading Crude Oil Forecast: March WTI Poised to Challenge Contract Low
Natural Gas Forecast: March Poised to Challenge Contract Low
By Dean Rogers Many have already thrown in the towel on the prospects of a continued winter rally for natural gas. The negative sentiment was reflected on the charts earlier this week when prices plummeted from $2.315 after breaking higher out of the recent trading range between $2.08 and approximately $2.20. Trading will likely remain … Continue reading Natural Gas Forecast: March Poised to Challenge Contract Low
Crude Oil Forecast: WTI Approaches Crucial Support at $31.1
By Dean Rogers Last week, speculation that a possible meeting next month between Russia and OPEC to discuss production cuts fueled WTI’s price rise. This would be the type of transition that needs to take place for oil prices to recover over the course of the long-term. However, many are skeptical, and some reports indicate … Continue reading Crude Oil Forecast: WTI Approaches Crucial Support at $31.1
Crude Oil Forecast: WTI’s Relief Rally Might Be Short Lived
By Dean Rogers WTI’s rally from $27.56 late last week was sparked by a few positive technical factors such as a daily bullish engulfing line and momentum divergence. These are factors that would normally accompany a major turn. The move up was a bit over exuberant though, and has stalled at $32.74. Major support at … Continue reading Crude Oil Forecast: WTI’s Relief Rally Might Be Short Lived
Kase Forecasts of the Week – S&P 500 Index and 10-Year T-Note Futures
By Dean Rogers S&P 500 Index (SPX) It has been a rough start for investors and the stock market so far this year. Falling oil prices and a weak economic outlook for China have soured the outlook for global markets and have indices across the world testing major support. The technical outlook for the S&P … Continue reading Kase Forecasts of the Week – S&P 500 Index and 10-Year T-Note Futures
Natural Gas Forecast: Prices Retreat into Familiar Territory
By Dean Rogers Natural gas fell back into the trading range between $2.23 and $2.39 where it spent the first week of the new year. This comes after the failure to extend to the 0.618 projection of the wave $1.802 – 2.386 – 2.188. There is still an outside chance the move up will extend … Continue reading Natural Gas Forecast: Prices Retreat into Familiar Territory

