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Crude Oil's Nearly 50% Plunge from the February High: Why OPEC+ Is Not to Blame

by Robert Folsom
Updated: March 09, 2020

What Were You Reading BEFORE Crude Oil Collapsed?

You've just heard and watched a crude oil forecast that you would only get from EWI. The chart and forecast speaks itself: Our subscribers were ready for the massive decline in crude.

Our trend analysis of crude suggests there are more surprises to come -- yet, you don't have to be among the "surprised." You can be ready for the next major move. For information about Energy Pro Service, please see below.

EWI's Energy Pro Service helps you trade near-term moves with more confidence

You Get Timely Intraday Forecasts

Your Energy Pro Service subscription puts a veteran energy market expert in your corner. His goal is to make sure that day-by-day, hour-by-hour, you see the very latest Elliott wave picture. You get intensive intraday coverage to help you catch near-term -- and fast-moving -- opportunities in NYMEX crude oil and nat gas.

You Become Part of an Exclusive Community of Savvy Elliott Wave Traders

We're on your side and working for you. If you have a question about the Wave Principle or our analysis, just send us an email. A team member will get back to you. If it makes sense for the answer to be shared with your Pro Service peers, we'll do so (confidentially, of course). If you're having a hard time grasping an Elliott wave concept, our Educational Consultant will find the best resource for you and send it along. We know that we're successful when you are successful. We do everything in our power to make sure that happens.



See for Yourself How Elliott Waves Help You Trade with More Confidence

Let an Elliott wave expert help you anticipate intraday turns and trends in crude oil and nat gas.

$199/mo.

EXCLUSIVE

Want Proof Markets Are NON-Rational? See This.

How can 1400 individual stocks, governed by a myriad of individual factors, fit into the same technical market pattern? There is only one logical answer. Watch our Asian-Pacific expert explain -- and show you how the COVID-19 pandemic fits into the same pattern.

Here’s How to Use Cultural Trends to Spot a Market Juncture

What did Disney’s dominance and horror’s resurgence tell us about the stock market? A lot, actually. Discover how we used developments in movies, pop music, business and politics to foresee a major positive mood extreme, and get a preview for where social trends are headed next.

GBPUSD: From 35-YEAR Low to 3-Week High. Did You See That Coming?

The British Pound recently hit a 35-year low against the US Dollar, yet in a matter of days rose in a 9-plus percent rally thru March 27. There's only one way that forex traders enjoy moves like these -- and that's with a "saw-that-coming" forecast.