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Crude Oil Forecast: WTI Technical Failure Leads to Bearish Outlook

Posted on October 26, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers December WTI’s wave $39.22 – 50.89 – 44.31, which met its 0.618 projection at $51.42, has been taken out by the $43.64 swing low. Consequently a technical failure of the move up has taken place and odds have shifted in favor of a continued decline. Look for $43.0 tomorrow and very likely … Continue reading Crude Oil Forecast: WTI Technical Failure Leads to Bearish Outlook

Natural Gas Forecast: Looking for a bottom? So is everyone else.

Posted on October 21, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers This is the time of year when everyone is looking for a bottom and pre-winter rally for natural gas. The logic and seasonal timing make sense, but picking bottoms is a dangerous game. Those that successfully time the bottom are more lucky than good. The best that most mere mortals can hope … Continue reading Natural Gas Forecast: Looking for a bottom? So is everyone else.

Crude Oil Forecast: WTI Poised to Challenge Critical Support

Posted on October 19, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers December WTI’s wave $39.22 – 50.89 – 44.31 met its 0.618 projection at $51.42. This was positive, especially due to the break higher out of the bullish pennant formation. We anticipated the pullback from $51.42, but so far it has been stronger than expected and is poised to test major support levels … Continue reading Crude Oil Forecast: WTI Poised to Challenge Critical Support

Natural Gas Forecast: Settling Into Trading Range

Posted on October 14, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers Spot natural gas is still looking a bit unsure of the move up, but the forward months, especially the winter strip, are looking reasonably positive. This likely indicates that a longer-term move up is underway, but for now it is looking like the prompt month could settle into a choppy trading range … Continue reading Natural Gas Forecast: Settling Into Trading Range

Crude Oil Forecast: WTI Pullback Tests Major Support

Posted on October 13, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers Last week’s break higher out of the bullish pennant was positive and the move up extended to meet the 0.618 projection of the wave $38.51 – $50.04 – 43.71. However the move stalled there, formed a bearish evening star and blow-off high, and then proceeded to test $46.4, the 62 percent retracement … Continue reading Crude Oil Forecast: WTI Pullback Tests Major Support

Natural Gas Forecast: $2.53 Double Top Negative for Near-Term Outlook

Posted on October 08, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers November natural gas had worked its way higher to challenge key resistance at $2.53 over the past few days after meeting major support at $2.403 last week. The move up has been shallow and choppy compared to the decline and could be interpreted as a bearish expanding wedge. The market also keeps … Continue reading Natural Gas Forecast: $2.53 Double Top Negative for Near-Term Outlook

Crude Oil Forecast: Brent Oscillating in Bullish Rectangle

Posted on October 05, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers For the past few weeks each bit of positive crude oil news or fundamental data has seemingly been offset by something negative. As a result, November Brent has settled into a rectangle formation with boundaries between $47.0 and $50.3. The upper boundary of the rectangle is poised to be challenged after Monday’s … Continue reading Crude Oil Forecast: Brent Oscillating in Bullish Rectangle

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

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