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Will Gasoline Tank?

Posted on October 01, 2015 by ckase in Ask Kase

by Cynthia Kase Read on TraderPlanet “Ask Kase” and your question may be chosen as the subject of a future column (askkase@kaseco.com). With VW cheating on diesel fuel emissions and standards being scrutinized worldwide, interest in electric vehicles may increase longer-term, and medium-term, gasoline fueled vehicles might pick up. But will gasoline prices get a … Continue reading Will Gasoline Tank?

Natural Gas Forecast: Poised to Test $2.45

Posted on September 30, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers November natural gas closed below major support at $2.63 Tuesday and then settled below $2.55, the 0.618 projection of the wave $2.859 – 2.592 – 2.72 Wednesday. Most waves that meet the 0.618 projection extend to at least the 1.00, in this case $2.45. Therefore, odds favor $2.45. This is a highly … Continue reading Natural Gas Forecast: Poised to Test $2.45

Crude Oil Forecast: Bullish Pennant Calls for WTI to Break Higher

Posted on September 28, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers After the late August rally WTI settled into a narrowing range that forms a pennant. This is a continuation pattern that indicates odds favor a break higher. However, these odds are somewhat dampened due to the price rise that took place before their formation was small in comparison to the size of … Continue reading Crude Oil Forecast: Bullish Pennant Calls for WTI to Break Higher

It’s Time To Stay Short on Coffee

Posted on September 23, 2015 by ckase in Ask Kase

Read on TraderPlanet by Cynthia A. Kase Iced Coffee Anyone? Just keeping up with the news, coffee should enter a lower priced environment, longer-term. In the short-run, technicals indicate an expectation of prices testing a threshold at 110 would not be unreasonable. Coffee Production Forecast Economists see much room for increased production out of Africa, … Continue reading It’s Time To Stay Short on Coffee

Natural Gas Forecast: Brief Rally Stalls after Break Higher

Posted on September 16, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers Natural gas had oscillated in an expanding triangle since August 24. Monday’s break higher out of the pattern was positive, but stalled at $2.794, the 50 percent retracement from $2.959 to $2.632. The move to $2.794 was healthy because the decline had become stale. The rally gave bears a new opportunity to … Continue reading Natural Gas Forecast: Brief Rally Stalls after Break Higher

Crude Oil Forecast: Trading Range forms Bullish Technical Patterns

Posted on September 15, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers Last week we stated WTI and Brent would likely settled into trading ranges while sorting out longer-term fundamental factors and the late August price surge. That has been the case, and so far the oscillations have formed a flat descending triangle for WTI and a pennant for Brent. Both patterns are bullish, … Continue reading Crude Oil Forecast: Trading Range forms Bullish Technical Patterns

Crude Oil Forecast: WTI Setting Trading Range Boundaries

Posted on September 08, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers WTI crude oil is settling into a trading, the boundaries of which will be determined over the next week or so. It is still too early to state the exact boundaries. Technical factors tell us the range will likely be set between resistance at $50.5 and support at $42.5. This is a … Continue reading Crude Oil Forecast: WTI Setting Trading Range Boundaries