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.
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
U.S. 10 Year Treasury Targets 126’27
By Dean Rogers It has been a wild week on Wall Street and for markets around the world. Global equities have ridden a roller coaster in the U.S., Asia, and Europe, the U.S. Dollar strengthened a bit after a tumultuous decline, and oil is trying to find its bottom after a significant rally to $42.86 … Continue reading U.S. 10 Year Treasury Targets 126’27
Video: Shanghai Composite Index Poised for 2300
The Shanghai Composite Index met support at 3000. A small correction might take place, but overall odds favor at least 2300 before a bottom is made.
Natural Gas Forecast: Bearish Flag Calls for Continued Decline
By Dean Rogers Natural gas continues to hold the lower end of the trading range between $2.65 and $2.95 on a closing basis. October natural gas futures stalled at $2.641 and subsequently formed a bearish flag (blue trend lines). Flags are generally a reliable type of continuation pattern, which means the flag should break lower … Continue reading Natural Gas Forecast: Bearish Flag Calls for Continued Decline
