Market Forecasts and Insights
Kase Market Commentary
Samples of Kase’s energy and metals price forecasts, daily updates, market commentary, and educational perspectives on technical analysis and trading — published by Dean Rogers, CMT.
Market Forecasts and Insights
Samples of Kase’s energy and metals price forecasts, daily updates, market commentary, and educational perspectives on technical analysis and trading — published by Dean Rogers, CMT.
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
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
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?
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
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
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
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?
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
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
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