WTI Crude Oil to Challenge $50.5 Decision Point
As predicted WTI crude oil has broken lower out of the recent trading range and fell by nearly eight percent on Monday. The important 1.382 projection was met at the $52.41 swing low. Key support at $50.5 should be tested tomorrow. We consider this a decision point for a much more bearish outlook and decline … Continue reading WTI Crude Oil to Challenge $50.5 Decision Point
Midweek Natural Gas Forecast – July 1, 2015
Markets are rarely more balanced that what we have experienced for natural gas over the past few weeks. After August failed to overcome $2.95 it stalled at $2.73, and is now in a mini-range between $2.73 and $2.87. Considering this week marked the end of the month and quarter, and is shortened due to the … Continue reading Midweek Natural Gas Forecast – July 1, 2015
Ask Kase: 10 Year US Treasury Note
by Cynthia A. Kase Read on TraderPlanet.com Will the 10 Year US Treasury Note be Playing “Bass”? As the 2H2015 commences, fundamental market analysts are lamenting the stock market’s prospects, pointing to low earnings and higher borrowing costs. US Treasury yield spreads are looking positive, which should be, in turn, negative for longer-dated fixed income … Continue reading Ask Kase: 10 Year US Treasury Note
RBOB Gasoline Crack Spread Poised to Narrow
The RBOB gasoline crack spread widened to $25.64 on Monday and could test $27.77 before narrowing again. Resistance near this level is expected to hold and the crack is poised to narrow now that the 0.618 projection of the wave down from $33.80 was met. We would look to short the crack spread soon because … Continue reading RBOB Gasoline Crack Spread Poised to Narrow
Ask Kase: Will The Sun Shine On Buying Coffee Futures?
by Cynthia Kase Those of us who can remember KC and the Sunshine Band’s emergence in 1975 are now in need of a different kind of KC – coffee futures – to stay bright. Baby Boomers may be counted on to steadily drink the stuff, but it might be another kind of baby who might … Continue reading Ask Kase: Will The Sun Shine On Buying Coffee Futures?
Midweek Natural Gas Forecast – June 24, 2015
Day-to-day speculation regarding summer weather forecasts continue to dominate short-term natural gas prices. The lack of clarity has caused natural gas to settle into a range between $2.55 and $2.95 after failing to close over the upper end of the range last week. Technical factors show that prices are due for a test of the … Continue reading Midweek Natural Gas Forecast – June 24, 2015
RBOB Gasoline Pullback Likely Corrective
RBOB gasoline prices are weak after stalling at 218.58. This was an important confluence point because it was the 50 percent retracement of the decline from 315.2 and the 0.618 target for the wave up from 122.65. The move up was exhausted once it reached 218.58 and negative factors like a bearish KasePO divergence have … Continue reading RBOB Gasoline Pullback Likely Corrective
Midweek Natural Gas Forecast – June 17, 2015
Last week we discussed the chart below and the importance of $2.92 as the 0.618 projection of the wave up from $2.54 (not shown) and the 62 percent retracement from $3.15. The chart is being shown again, with a few updates, because not much has changed over the past week. The crucial $2.92 level has … Continue reading Midweek Natural Gas Forecast – June 17, 2015
Ask Kase: How Long Will the Twitter Bird Sing the Blues?
by Cynthia Kase Read on TraderPlanet.com “Ask Kase” any question you may have about any actively traded security, and your question may be chosen as the subject of a future column (askkase@kaseco.com). To an earlier generation the “Dorsey” brought to mind the famed orchestra leader and his acclaimed song, I’ll Never Smile Again. Followers of … Continue reading Ask Kase: How Long Will the Twitter Bird Sing the Blues?
WTI Crude Oil Oscillating in Clearly Defined Range
The crude oil market as a whole has continued to be dominated by stale and conflicting fundamental, technical, and geopolitical factors. These factors have brought about as much balance to the crude oil markets as Anakin Skywalker brought to the force. The most interesting factor is that many market participants seem to forget that markets … Continue reading WTI Crude Oil Oscillating in Clearly Defined Range
