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.
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
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
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?
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
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?
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
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
The price of natural gas, or any commodity for that matter, is theoretically the fair price at a given time. Traders will buy gas when they think prices are going to rise, and sell it when they think it will fall. This may be oversimplifying the process a bit (okay, a lot), but the point … Continue reading Midweek Natural Gas Forecast – June 3, 2015
WTI crude oil prices have been oscillating in a downward sloping channel for the past few weeks and the decline has formed a bullish continuation pattern. Although the formation is not a perfect flag, pennant, wedge, or triangle, it does appear to be corrective. More often than not corrective patterns like this ultimately break higher … Continue reading Crude Oil Prices Attempting to Break Higher
Natural gas’ pullback still appears to be corrective, but has positioned itself to test a crucial decision point at $2.71. This is in-line with the $2.711 swing low, the 1.618 projection of the wave down from $3.105, and the 61.8 percent retracement of the move up from $2.443. The $2.71 objective should be challenged ahead … Continue reading Midweek Natural Gas Forecast – May 27, 2015