Oil Prices: Which Way Is Up?
EWI's Energy Specialty Service attempts to cut a plain, clear picture of crude oil's near-, and long-term future
By Nico Isaac
1/30/2012 10:00:00 PM
When it comes to "fundamental" analysis of financial markets, one giant hurdle exists that makes it next to impossible to gauge where prices will go next: its total reliance on events outside the markets. Wars and peace; economic reports; political news; you name it, it all goes in the pot. As a result, not only is the public constantly adjusting how they perceive these events, but also the events themselves are constantly changing.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis
Category: Energy
Natural Gas Price Heat Up: Will the Rally Continue?
EWI's Energy Specialty Service was one step ahead of natural gas' recent bounce. See how it fits the Elliott wave script.
By Nico Isaac
1/24/2012 3:15:00 PM
On January 23, the natural gas market went from stone cold to steaming hot, with prices enjoying a near 8% intraday surge. Today I sit down with EWI's Energy Specialty Service editor Steve Craig to discuss what's behind the energy's magnificent rise. The main point: Elliott wave analysis enabled Steve to anticipate the turn up in natural gas BEFORE any big ticket bullish fundamental news event hit the press.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, natural gas
Category: Energy
By Nico Isaac
1/19/2012 4:30:00 PM
As I write, the wheels on one of the most dangerous stock market myths go round and round in the mainstream finanical press. SEE this news item from January 12: "A drop in oil prices and strong bond auctions in Europe drove US stocks to a slightly higher close today." (Irish Examiner) The problem is, there is no consistent inverse correlation between oil prices and stock prices. It's time for this particular notion to meet its maker.
Filed Under: crude oil, Elliott Wave Theorist, fundamental analysis, prechter, Robert Prechter, S&P 500, U.S. STOCK MARKET
Category: Energy
By Nico Isaac
12/29/2011 11:30:00 AM
Yesterday (December 28), I started a three-part "year-in-review" series inspired by the movie "It's a Wonderful Life." The basic gist: What if the early 2011 mainstream financial forecasts never existed? Would those who listened have been better -- or worse off -- now? Today, let's look crude oil -- and see how that same "fundamentals"-first approach misled mainstream forecasters.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, ethanol futures, financial forecast, technical analysis, technical indicators
Category: Energy
By Nico Isaac
12/20/2011 4:15:00 PM
On December 14, President Barack Obama declared the end of the near-nine-year-long Iraq War. And, according to many mainstream financial pundits, when the U.S. troops leave Iraq, a new bear trend will be "occupying" the crude oil market. Their reason stems from the age-old "fundamental" analysis notion that "war is bullish for oil"; and conversely, the end of war, bearish. So, are they right? Well, take a look at the chart below.
Filed Under: crude oil, Elliott wave, Elliott Wave Principle, Elliott Wave Theorist
Category: Energy
Crude Oil: The Bulls Are Back In Town
EWI's Energy Specialty Service offers a different perspective on Crude and Brent than the mainstream
By Nico Isaac
12/5/2011 7:00:00 PM
The bulls are back in town! And, they've been spotted hang'n around their old stomping ground: the "Crude Oil Bar and Grill." To wit: On December 5, Wall Street presented its latest commodity forecast -- a bullish one, led by a 3-to-12 month rally in crude oil.
Filed Under: crude oil, Elliott wave, fundamental analysis, Wall Street, Elliott Wave trading
Category: Energy
By Nico Isaac
11/17/2011 5:30:00 PM
Oil markets are like cheeses. There are the processed, bright orange slices of American cheese -- and then, there are the rich and smelly wedges of Gouda. Likewise, no two oil markets are created equal. On one side, there's the more expensive Brent crude from the exotic North Sea in Europe. And then, there's West Texas Intermediate (WTI) from the heartland of Cushing, Oklahoma. The popular "brent/wti spread" is the ever-fluctuating difference between the price of these two oil markets.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, momentum
Category: Energy
By Nico Isaac
10/20/2011 2:45:00 PM
These days more than ever, seeing the "cow" before you "buy the farm" is of utmost importance. So, now until October 27, you and all other visitors to our site get the ultimate back-stage pass into subscriber-only Futures Junctures Service features. The reason why: EWI's famous Futures Junctures FreeWeek has begun.
Filed Under: cocoa futures, coffee futures, copper futures, corn futures, cotton futures, CRB index, crude oil, Daily Futures Junctures, diversification, Elliott Wave trading, Elliott wave, feeder cattle futures, futures trading, grain futures, Jeffrey Kennedy, lean hog futures, live cattle futures, lumber futures, soybean futures, soybean meal, soybean oil
Category: Commodities
By Nico Isaac
10/3/2011 3:00:00 PM
In 2008, if you told most mainstream financial experts that crude oil prices would be circling the drain of a one-year low in October 2011, they'd say you were sniffing wood glue. YET -- after hitting an all-time high at $147 in July 2008, oil prices endured a precipitous decline to a low-$30-a-barrel bottom in mid 2009. It was by NOT relying on crude's "fundamentals" that EWI's Energy Specialty Service was able to foresee crude oil's peak in 2008.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, Goldman Sachs
Category: Energy
Natural Gas: "Anxious to Re-Join the Larger Trend"
EWI's Energy Specialty Service shows you compelling Elliott wave evidence in support of a strong, near-term move.
By Nico Isaac
9/19/2011 3:30:00 PM
On Monday, September 19, I spoke with Elliott Wave International's Energy Specialty Service editor Steve Craig to discuss why his attention is focused on the natural gas market right now.
Filed Under: crude oil, Elliott wave, Elliott Wave trading
Category: Energy
By Nico Isaac
8/23/2011 4:45:00 PM
If you've been reading the latest news stories on how "the growing Libyan conflict is affecting crude oil prices," you're probably scratching your head in confusion. The reason being: The stories don't match up. Here, the following August 23 news feed captures the conflicting messages coming out of the popular news channels.
Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis
Category: Energy
By Nico Isaac
8/8/2011 6:30:00 PM
The approved U.S. debt deal was supposed to boost oil prices -- presumably, via resuming consumer demand due to the averted debt default.
Well, on August 2, Congress and the White House approved a $2.4 trillion debt extension. YET, crude oil prices instead attacked the downside in a precipitous plunge that erased the entire gains for 2011.
Filed Under: crude oil, Elliott Wave trading
Category: Energy
By Vadim Pokhlebkin
7/15/2011 6:00:00 PM
Gas prices across the U.S. quickly reflect changes in the price of crude, so the answer to "where is oil going next?" is important not only to crude oil futures traders, but also to every motorist who thinks that $3.50 a gallon is already too expensive. If you want an answer by pondering oil's "fundamentals," you will run into a dead end. But here is a better way...
Filed Under: crude oil, Elliott Wave trading, futures trading, supply and demand, trading lessons
Category: Energy
By Nico Isaac
6/23/2011 5:00:00 PM
Trying to anticipate the long-term direction in oil prices based on a series of unknown, external variables is like trying to toss a straight arrow in the middle of a hurricane. It's doubtful you'd actually hit the bulls eye. We here at Elliott Wave International believe that with Elliott analysis, you stand a better shot.
Filed Under: crude oil, Elliott wave, Elliott Wave Theorist, fundamental analysis, technical analysis
Category: Energy
By Vadim Pokhlebkin
6/20/2011 5:30:00 PM
Elliott wave analysis comes down to this: The ability to identify patterns in price charts. If you can do that, you can do Elliott. Sometimes it's easy, sometimes not so much -- but because there are only 13 known Elliott wave patterns, you can train yourself to find them fairly quickly in most situations. With that in mind, let's take a look at the recent price action in crude.
Filed Under: contracting triangle, crude oil, ethanol futures, market manipulation, options trading, supply and demand, technical analysis, trading lessons
Category: Energy
By Nico Isaac
6/14/2011 3:00:00 PM
The only time that fundamental analysis of financial markets doesn't make sense is those parts of the week that end in "day." Take, for instance, the slew of news items below discussing the recent price action in the world's leading stock index, the Dow Jones Industrial Average.
Filed Under: Robert Prechter, consumer confidence, crude oil, Dow Jones Industrial Average (DJIA), fundamental analysis, Robert Prechter, Wall Street
Category: Stocks
By Nico Isaac
6/6/2011 3:30:00 PM
Question: Does supply play a role in determining the direction of a commodity market's prices? Answer: Absolutely, but not in the way the mainstream financial media paints it out to. Case in point: crude oil. Over the past two years, oil prices have soared from a 4-year low in 2009 to a 2-year high in April 2011.Yet, all this time, crude stockpiles in the U.S. have been rising.
Filed Under: crude oil, fundamental analysis, supply and demand
Category: Commodities
By Nico Isaac
5/31/2011 5:45:00 PM
Filed Under: bull market, crude oil, Dow Jones Industrial Average (DJIA), Elliott wave, great depression, momentum, S&P 500
Category: Stocks
By Vadim Pokhlebkin
4/21/2011 2:15:00 PM
You may have noticed that crude oil's recent rally has been rocky. Prices suffered a big setback in early March, when oil lost 10%. More losses came last week, when on April 11 and 12 crude fell from near $113 to $106 a barrel. Here's how some of the mainstream energy market analysts explained that recent decline...
Filed Under: crude oil, Elliott wave, International Monetary Fund (IMF), supply and demand
Category: Energy
By Vadim Pokhlebkin
4/13/2011 2:30:00 PM
Crude oil lost over 6% this week: from a high above $113 a barrel on Monday (Apr. 11) to below $106 on Wednesday (Apr. 13). So let's focus the oil/stocks correlation so often discussed in the news.
Filed Under: crude oil, Dow Jones Industrial Average (DJIA), Elliott wave, Nasdaq Composite, Robert Prechter, S&P 500, stock indexes
Category: Energy