Midweek Natural Gas Forecast – June 3, 2015
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
Crude Oil Prices Attempting to Break Higher
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
Midweek Natural Gas Forecast – May 27, 2015
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
Gasoline’s Double Top Calls for Test of Support
Gasoline futures formed a double top at approximately 209.5 after attempting to overcome this crucial area of resistance in early trading Tuesday. The double top and confirmed dark cloud cover call for at least 195.0. This is a crucial decision point for an extended correction because 195.0 is in line with the 196.21 swing low … Continue reading Gasoline’s Double Top Calls for Test of Support
Midweek Natural Gas Forecast – May 20, 2015
For the past few weeks many traders have doubted the rationality of natural gas’ price surge and have been looking for a stalling point. It is hard to argue with the charts though, and our analysis, based purely on what is happening on the charts, has called for $3.05 as a potential stalling point. We … Continue reading Midweek Natural Gas Forecast – May 20, 2015
Narrowing WTI-Brent Spread Supports Rising Oil Prices
The WTI-Brent spread has been fluctuating in a range for the past few weeks after narrowing to an intraday high of (3.34) on April 15. The narrowing spread has supported rising WTI and Brent price, and the wave formations indicate the spread will most likely continue to narrow. However, it must overcome (5.50) to make … Continue reading Narrowing WTI-Brent Spread Supports Rising Oil Prices
5 Secrets to Staying Sharp as You Age
Worried about losing your edge during your senior years? Here’s how to stay on top of your game. By Maryalene Laponsie with Cynthia Kase Read on US News and World Report Conventional wisdom may have us believe that life is all downhill after we hit retirement age. However, some seniors would beg to differ with … Continue reading 5 Secrets to Staying Sharp as You Age
Midweek Natural Gas Forecast – May 13, 2015
Many traders and analysts have been skeptical of natural gas’ recent price surge. However, technical analysis is good at telling us what the market thinks about itself, and it is hard to argue with the bullish technical factors that have formed over the past few weeks. The June natural gas futures contract is testing a … Continue reading Midweek Natural Gas Forecast – May 13, 2015
Technical Factors Call for WTI Crude Oil Correction to $56.2
For the past few weeks WTI crude oil prices have risen significantly, and for the first time since early December 2014 prices closed above $60.0 last week. However, many traders are questioning the long-term validity of the price rise continuing due to concerns of a persistent supply glut, and the technical factors show that the … Continue reading Technical Factors Call for WTI Crude Oil Correction to $56.2
Can the British Pound Forecast the UK Election?
After a good up month in April for the British Pound, some pundits are calling for weakness, and attributing this to the probability that post the UK’s May 7 election, formation of a coalition government is likely. This virtual eventuality has been in the news for at least a couple of months. If it were … Continue reading Can the British Pound Forecast the UK Election?
