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Natural Gas Forecast: Rising Towards Key Resistance

Posted on August 12, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers For several weeks natural gas has been trading within a range bound between $2.65 and $2.95, and more recently between $2.71 and $2.88. On Wednesday natural gas prices closed at the highest level since May 21 at $2.931, and the first class KEES permissions (blue dots) confirm the positive tone. Natural gas … Continue reading Natural Gas Forecast: Rising Towards Key Resistance

Natural Gas Forecast: Failure to Overcome Key Resistance…Again

Posted on August 05, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers Patience is a virtue. Natural gas has been trying the patience of traders as it continues to trade in a range between approximately $2.65 and $2.95. This week’s rise from $2.706 is very similar to last week’s move up from $2.735, and given today’s decline and close below $2.80, it looks like … Continue reading Natural Gas Forecast: Failure to Overcome Key Resistance…Again

Is RBOB Gasoline Due for a Correction?

Posted on August 03, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers RBOB Gasoline futures tested support at 167.43 on Monday and have taken out the crucial 169.25 swing low. The outlook is negative, but many technical factors, including Monday’s dip below the lower Bollinger Band, indicate a correction should take place once 160.0 is met. This is the confluence point between the 62 … Continue reading Is RBOB Gasoline Due for a Correction?

Midweek Natural Gas Forecast – July 29, 2015

Posted on July 29, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

By Dean Rogers Natural gas continues to oscillate in a range between $2.65 and $2.95 as weather forecasts change from week-to-week. “Sweltering” heat in the US Northeast is the latest reason reported for this week’s price rise. However, it is important to keep in mind that the shifting weather forecasts and related events have kept … Continue reading Midweek Natural Gas Forecast – July 29, 2015

Brent Crude Oil Approaches Crucial $52.8 Support

Posted on July 27, 2015 by Dean Rogers, CMT in Oil Price Forecast

By Dean Rogers Crude oil has taken on a strong bearish tone. There is very little technical evidence, and even less fundamental evidence, that the decline is going to end. However, it is almost always darkest before dawn and there are a few factors that show a correction should take place soon. Last week’s update … Continue reading Brent Crude Oil Approaches Crucial $52.8 Support

Midweek Natural Gas Forecast – July 22, 2015

Posted on July 22, 2015 by Dean Rogers, CMT in Natural Gas Price Forecast

Natural gas is idling in neutral again and is struggling to overcome key resistance levels. We are still negative for the longer-term, but the near term outlook is looking slightly positive. The small move up is confirmed by long KaseX signals (green diamonds) on the $0.035 Kase Bar chart. In addition, Wednesday’s close over $2.895, … Continue reading Midweek Natural Gas Forecast – July 22, 2015