Gasoline Forecast: May RBOB Futures Forming Fifth Wave
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
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
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
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
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
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
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
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

