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
Natural Gas Forecast: Prices Finally Break $2.64
By Dean Rogers Unseasonably warm weather for early September has supported prices in the prompt month and prices were trading in a tight range between $2.64 and $2.725. Late Wednesday afternoon October natural gas finally broke lower and a new contract low was made. In addition, the winter strip also fell to new lows again … Continue reading Natural Gas Forecast: Prices Finally Break $2.64
Monsanto Merger and Stock Price Decline Outlook
By Cynthia A. Kase Read on TraderPlanet.com Six big firms dominate the agricultural supply business today, having bought up over 200 smaller companies and their intellectual property over the past 25 years or so. Monsanto, the world’s largest seed supplier, and BASF both reportedly tried to buy rival Syngenta. Though no deals went through, it … Continue reading Monsanto Merger and Stock Price Decline Outlook
Brent Oil Forecast: Brent Rises to Key Technical Resistance
By Dean Rogers Many market participants are skeptical of Brent’s meteoric rise over the past three days. However, there is no denying the positive technical factors that indicate a bottom has likely been made. The monthly morning star setup and hammer, weekly bullish engulfing line, and daily three white soldiers candlestick patterns are reliable reversal … Continue reading Brent Oil Forecast: Brent Rises to Key Technical Resistance

