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
Natural Gas Forecast: Outlook Remains Grim
By Dean Rogers The outlook for natural gas is still bearish, and without support from weather or a strong increase in industrial demand, it will most likely remain that way. However, there are a few positive technical setups that indicate a small correction to $1.90 and even $1.959 might take place first. Monday’s gap down … Continue reading Natural Gas Forecast: Outlook Remains Grim
Crude Oil Forecast: Bullish Piercing Pattern is Early Sign of WTI Correction
By Dean Rogers The darkest hour is just before the dawn. It is a phrase that most are familiar with that provides hope, even in the worst of circumstances. The outlook for WTI crude oil prices has been “dark” in recent weeks, and the longer-term outlook is still dim. However, December 14’s close over $36.13 … Continue reading Crude Oil Forecast: Bullish Piercing Pattern is Early Sign of WTI Correction
Natural Gas Forecast: January Poised to Test $2.10
By Dean Rogers Natural gas is still looking for support from weather, but until cold temperatures arrive in key areas of the U.S. prices should continue to grind lower. The negative bias is confirmed by KaseX’s filtered short signal (purple diamonds). January futures met an important target at $2.15 on Wednesday. This was the 0.618 … Continue reading Natural Gas Forecast: January Poised to Test $2.10

