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
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
