Will Gasoline Tank?
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
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
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
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
S&P 500 Will Break Out Of Pennant, But Which Direction?
by Dean Rogers Read on TraderPlanet.com You can feel it in the air, the mounting anticipation of an interest rate hike is coming to a head as investors, traders, and even my own feisty grandmother are jockeying for position ahead of this week’s Fed meeting. Some pundits believe a rate hike at this time would … Continue reading S&P 500 Will Break Out Of Pennant, But Which Direction?
Natural Gas Forecast: Brief Rally Stalls after Break Higher
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
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
Natural Gas Forecast: Expanding Triangle Bearish
By Dean Rogers It is a glorious time of year. The evenings are cooler, the air is a bit crisper, and the seven month void in my soul has been filled. Football season is upon us, and all is right with the world. I grew up playing football and my father and uncles coached youth … Continue reading Natural Gas Forecast: Expanding Triangle Bearish
Chicago Merchantile Exchange CME Outlook
By Cynthia A. Kase Read on TraderPlanet As a fledgling oil trader over 32 years ago, the one exchange with which I was familiar was NYMEX, now part of CME Group. So I’m always interested in how the exchange is doing. With erratic swings in equity, fixed income, and FOREX markets, some think investors will increasingly … Continue reading Chicago Merchantile Exchange CME Outlook
Crude Oil Forecast: WTI Setting Trading Range Boundaries
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

