Comment on the January 1 prediction: We got the hike to $2.09, but it didn’t come until Monday the 5th. That’s close enough for me, so I’m scoring it CORRECT.
Wednesday, January 21, 2015, 8:00PM: Sorry for the silence the past three weeks. I’m having a hard time making sense of the numbers after the Energy Crash of 2014, although my stance right now is that prices are going to start rising as they usually do the first four months of the year. Right now, January 13 looks like the day of the low for energy (oil closed at $45.89 a barrel), and we got just enough of a jump in wholesale gas prices today that, combined with recent retail drops, puts us in the price hike zone. I am going to plan on a hike to the $2.09-$2.19 range in the next few days, maybe as soon as tomorrow.
I think what has contributed to the Crash was some traders or funds blowing up and having to sell their energy future contracts. As an example of a currency trading firm that was wiped out earlier this month: glad I didn’t own stock in FXCM. –EA