Crude Oil Forecast: WTI Poised to Challenge Key Technical Support
By Dean Rogers China’s stock market plunge wreaked havoc on stock and commodity prices around the world last week. Fears of a further slowing economy in the world’s largest energy consumer along with weak manufacturing demand and the deepening global supply glut have recast a negative outlook on oil prices. The negative sentiment has been … Continue reading Crude Oil Forecast: WTI Poised to Challenge Key Technical Support
Kase Forecast of the Week – S&P 500 Index
S&P 500 Index (SPX) By Dean Rogers The slowing Chinese economy, lackluster manufacturing data, and a weaker yuan have sent Chinese stocks tumbling in the first week of 2016. China’s stock market has been halted twice this week when volatility limits were reached and is down seven percent over the last few days. The selloff … Continue reading Kase Forecast of the Week – S&P 500 Index
Natural Gas Forecast: Prices Oscillating in Narrowing Range
By Dean Rogers There is little doubt that the lack of demand for natural gas as a heating fuel this winter is taking its toll on prices. The market still looks and feels desperate to push higher, but fundamental and technical factors are working against this scenario. There is an outside chance prices could rally … Continue reading Natural Gas Forecast: Prices Oscillating in Narrowing Range
Crude Oil Forecast: WTI Stalls After Breaking Higher Out of Bullish Flag
By Dean Rogers Tension between Saudi Arabia and Iran have the oil markets on edge. The global supply glut still hangs heavy and will reportedly last through 2016. However, recent the geopolitical tensions could push prices higher on fear and greed alone. The indecisiveness is being reflected on the charts. WTI’s recent move up from … Continue reading Crude Oil Forecast: WTI Stalls After Breaking Higher Out of Bullish Flag
Natural Gas Forecast: Will Warm Weather Put a Lid on the Rally?
By Dean Rogers Evolving weather models that had previously predicted a cold spell in the Northeast U.S. and in the Great Lakes region are reportedly now forecasting above normal temperatures in early January. This could dampen the likelihood of a further price rally for natural gas in coming weeks, and the charts tend to agree. … Continue reading Natural Gas Forecast: Will Warm Weather Put a Lid on the Rally?
Kase Stock Forecast of the Week – DIS
Walt Disney Co. (DIS) By Dean Rogers “Well, the Force is what gives a Jedi his power. It’s an energy field created by all living things. It surrounds us and penetrates us; it binds the galaxy together.” You may think that I am referring to the legendary words spoken by Obi-Wan Kenobi to Luke Skywalker … Continue reading Kase Stock Forecast of the Week – DIS
Crude Oil Forecast: WTI Oil Prices Turn Lower
By Dean Rogers February WTI turned lower again on Monday and gave up just over 50 percent of its pre-holiday weekend gains that it had made on the move up from $35.35. The supply glut is still a concern and reports of Iran stating that exports are ‘priority’ after sanctions are lifted has put a … Continue reading Crude Oil Forecast: WTI Oil Prices Turn Lower
Natural Gas Forecast: Prices Rally Ahead of Year’s End
By Dean Rogers Natural gas is finally showing some signs of life as 2015 comes to a close. Reports that colder than normal temperatures along the East Coast and in the Great Lakes region for the first week of January have sparked a much needed relief rally from recent 16-year lows. February natural gas, which … Continue reading Natural Gas Forecast: Prices Rally Ahead of Year’s End
Kase Stock Forecasts of the Week – AAPL and UA
Apple Inc. (AAPL) Apple’s stock has taken a bit of a beating this year, and the holiday season has not been the boon loyal shareholders had hoped for. Most technical factors are negative and odds favor a continued decline. However, there are a few positive technical factors that indicate the upward correction that began on … Continue reading Kase Stock Forecasts of the Week – AAPL and UA
WTI-Brent Spread Nearing Parity
By Dean Rogers The U.S. rig count rose by 17 last week, and according to the EIA, U.S. crude oil supplies have reached 490.7 million barrels, the highest reported level for this time of year since 1930. In addition, the U.S.’s repeal of the 40-year oil export ban could ultimately encourage more pumping from domestic … Continue reading WTI-Brent Spread Nearing Parity

