Natural Gas Still Testing (and Holding) $2.79
Natural gas has positioned itself for a break out of the recent coiling pattern that began forming on January 20. March futures tested the crucial $2.79 area this morning, and most technical factors still favor continued decline. However, March’s inability to close below $2.79 is making this recent range look more like a short-term bottoming … Continue reading Natural Gas Still Testing (and Holding) $2.79
Natural Gas Outlook Negative Before EIA Data Released
Last week’s natural gas price rise was poised to fill December 22nd’s gap from $3.48, but the upward correction stalled at $3.352. The week settled above the $3.09 midpoint of Wednesday, January 12th’s candlestick, leading to speculation that the market might try to rise again early this week. However, Monday’s intraday gap down from $3.056 … Continue reading Natural Gas Outlook Negative Before EIA Data Released
Brent Targets $45.8 upon Close Below $47.7
Brent has been trading in a corrective range for the past several days, but fell to major support at $47.7 on Tuesday. This is the 0.618 projection for the wave $52.42 – 48.07 – 50.41. The $47.7 projection connects to a major target at $45.8 as the 1.00 projection. This is also the 1.618 projection … Continue reading Brent Targets $45.8 upon Close Below $47.7
Short-Term Natural Gas Indicators Point to Upward Correction
Natural gas has finally showed some signs of life over the past few days in anticipation of tomorrow’s U.S. Energy Information Administration (EIA) Natural Gas Weekly Update. The short-term charts are showing that traders are anticipating a bullish EIA report, which would be the support the market needs to continue this upward correction. Keep in … Continue reading Short-Term Natural Gas Indicators Point to Upward Correction
Natural Gas Due for Correction, Hesitant to Break $2.80
The outlook for natural gas is negative, and without help from external factors the decline will likely continue. However, the market is hesitant to break support at $2.80 in the near-term, and is likely waiting on tomorrow’s U.S. Energy Information Administration (EIA) Natural Gas Weekly Update before it presses higher or continues to decline. Several … Continue reading Natural Gas Due for Correction, Hesitant to Break $2.80
1/7/2015 Kase Chat
Kase’s senior analyst Dean Rogers reviews trade setups and price forecasts for e-mini S&P 500 and WTI Crude Oil. http://youtu.be/6ADWjwZK_kE
WTI Crude Oil Breaks Out of Coil, Targets $49.7
February 2015 WTI crude oil broke lower out of a coil formation on Friday and continued its decline on Monday, December 29. The target for the coil is $49.8, and is in line with a highly confluent $49.7 objective that we have discussed as a potential stalling point for several weeks. A close below $49.7 … Continue reading WTI Crude Oil Breaks Out of Coil, Targets $49.7
12/24/2014 Kase Chat
Kase’s senior analyst Dean Rogers reviews trade setups and price forecasts for e-mini S&P 500 and Natural Gas. To take a trial of our weekly natural gas forecast please visit the energy price forecasts page. http://youtu.be/_K3zT-5zDeI
NY Harbor ULSD Futures – Bearish Flag
The NY Harbor ULSD futures broke lower out of a bearish flag formation on Monday. The break lower was anticipated and then confirmed by KaseX short signals. The decline is now poised to extend to at least 188.9 and then 177.9. The latter is crucial because a close below this would call for 164.1 and … Continue reading NY Harbor ULSD Futures – Bearish Flag
12/17/2014 Kase Chat
Kase’s senior analyst Dean Rogers reviews trade setups and price forecasts for e-mini S&P 500 and WTI Crude Oil. http://youtu.be/hkiYo8D-XdE
