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
Ask Kase: How To Trade The Shanghai Index
Read on TraderPlanet.com by Cynthia Kase “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). This week’s question for Kase: Is the Shanghai Composite Headed to Shangri-La?
Midweek Natural Gas Forecast – June 10, 2015
This is an important time for natural gas because the market is moving out of the spring shoulder months and into summer. The market had been poised to test the contract lows, which it did, but the lows held and prices reversed higher this week. The July natural gas futures contract closed above $2.78 resistance … Continue reading Midweek Natural Gas Forecast – June 10, 2015
Brent Putting Bearish Pressure on Crude Oil Market
As expected, OPEC is not changing their output, or their strategy of retaining market share, because their strategy is working. Greece may default, pull-out of the European Union, strike some new deal, or do nothing, all of which could send waves through the Eurozone. The dollar is up and then down from day to day. … Continue reading Brent Putting Bearish Pressure on Crude Oil Market

