Updated: October 14, 2021Despite all the "inflation" talk this year, crude oil declined in July and August. Each market has a life of its own -- so here's a look at our crude forecast in the September and October issues of Global Market Perspective.
Updated: October 13, 2021October has seen crude oil soar above $80 per barrel for the first time since 2014. The uptrend has caught many "flat-footed," including a certain world leader. Elliott wave analysis, however, set the stage for skyrocketing oil -- last November.
Updated: September 27, 2021In November 2020, Wall Street and the financial press were bearish on crude oil's trend. Yet, Energy Pro Service alerted subscribers to a big move higher: See for yourself what price has done in the 10 months since.
Updated: September 17, 2021In March-April 2020, experts from Wall Street to OPEC saw one scenario for the future: a collapse in demand that ensured the energy sector “will never be the same.” Now see the forecast that got it right.
Updated: September 15, 2021Natgas prices busted above the $5 mark recently, and lots of people are paying attention -- from traders and investors to all of us who cook and heat our homes with gas. Watch our Energy Pro Service editor show you what Elliott waves suggest about the potential from here.
Updated: September 1, 2021Will oil prices zoom higher in the aftermath of Hurricane Ida? Well, the disruption in oil production was far worse sixteen years earlier with Hurricane Katrina. Let's review what happened with oil prices then.
Updated: August 30, 2021Energy Pro Service prepared subscribers for the near-term Natural Gas rally, and for its longer-term price gains back in April. See it for yourself.
Updated: July 29, 2021Natural gas saw a HUGE rally in the past five months: Most analysts point to "weather." Yet that does not fit the facts. See the natural gas chart and forecasts that tell the real story.
Updated: July 20, 2021Oil's most recent decline began on July 13 -- days before OPEC'S July 18 supply increase shocker. See our Pro Services forecast before the decline unfolded.
Updated: July 16, 2021When you look at the natural gas price chart going back to its 2019 high, a clear Elliott wave pattern emerges into the market's low in July 2020. Watch our Energy Pro Service editor walk you through the pattern and explain why nat gas may indeed have "lots of potential."
Updated: July 14, 2021In late 2020, the bellwether Energy Select SPDR Fund (XLE) landed on Wall Street's "die" list amidst the pandemic-hit oil sector. Now, after it's doubled in price, XLE has made the "buy" list. Too little too late?
Updated: June 25, 2021Even in a time of cryptocurrencies and huge price swings, an eighty percent rise in crude oil is a BIG deal. See the chart and forecast that anticipated the move.
Updated: March 31, 2021Recent days saw several price turns in crude: Yet our intraday updates showed the charts and forecasts for what was next. See them for yourself.
Updated: March 18, 2021Back in late October, news reports about the exchange-traded fund Energy Select Sector (XLE) were bearish on the price trend. Yet our Pro Service forecast a large rally just ahead. See the chart for yourself.
Updated: February 17, 2021To claim that new supply cuts are "driving" crude oil's rally is a weak, after the fact explanation for the trend change. Now see that was there a way to identify oil's upside breakout -- in advance.
Updated: February 17, 2021Crude oil just hit a new high, which came as no surprise to Elliott wave practitioners. Get a historical perspective on crude's "turning points" and find out how you can anticipate what's next for crude's price.
Updated: February 17, 2021On February 15, crude oil soared above $60 per barrel for the first time since the pandemic. Mainstream experts cite a "monster" winter storm in the oil-producing regions of the Southern U.S. as the rally's catalyst. But there's more to this story than meets the eye (of the storm) ...
Updated: January 15, 2021In June 2020, it seemed the natural gas bear would stay for a while. Yet early July saw a turn from its long-term low. A four-month rally followed and prices more than doubled: See the forecast that got it right.
Updated: December 30, 2020Pro Services reveals the true cause of crude oil's late 2020 rally; hint: it wasn't vaccine hopes.
Updated: November 17, 2020Elliott wave analysis is all about recognizing price patterns on a chart. Both crude oil and natural gas have recently served us great examples of classic wave patterns in action. Watch our Energy Pro Service editor walk you through his recent real-time forecasts -- and get an idea of what's likely next.
Updated: October 30, 2020When crude oil prices broke below critical price support, our Energy Pro Service made sure subscribers were ready for the opportunity. See the chart and analysis right now.
Updated: October 6, 2020If you want to see what's really behind crude oil's recent bearish reversal, watch this video. You'll see how market psychology warned of the reversal days in advance -- and get an idea as to what's next. Our Energy Pro Service editor explains.
Updated: October 2, 2020Crude has slipped below $40 a barrel so far this week. In the mainstream media, you'll hear experts name “weak demand,” “strong supply,” and “fears of COVID-19” to explain the drop after the fact.
Updated: September 9, 2020In July & August crude prices were flat to slightly higher. Yet EWI Energy analyst Steve Craig saw a pattern that anticipated a big move down. See the chart for yourself.
Updated: September 9, 2020On Sept. 8, crude fell to $36 a barrel for the first time in months. Watch this clip from our Sept. 2 Energy Pro Service video forecast explaining why oil was destined to fall -- before the sell-off began. You'll also get a hint of what's next for oil prices.
Updated: July 16, 2020There’s a reason why stocks and commodities – like oil, gold and silver – tend to end bull markets differently. Get the insights you need to know as you take a look at these two charts.
Updated: June 29, 2020As Elliott Wave International President Robert Prechter has noted, "Most published forecasts are at best descriptions of what has already happened." Most investors linearly extrapolate trends into the future without a clue as to when that trend will change. The Elliott wave model helps market participants to avoid that error. Find out how.
Updated: June 26, 2020What explains the -69% collapse in natural gas prices? Not "oversupply," not a "mild winter," not the pandemic. See the "Bearish Key Reversal" we identified EARLY in the decline.
Updated: May 22, 2020The Elliott Wave pattern for crude oil anticipated the epic decline in April, and then the strong rally that followed in May. See the charts and forecasts for yourself, in Chart of the Day.
Updated: May 15, 2020Would you believe that oil's entire journey -- since the first commercial well was drilled in 1859 -- fits neatly into the Elliott wave model? Watch our Global Markets Strategist show you the whole "roadmap" as he focuses especially on the last 30 years.
Updated: April 29, 2020Before COVID-19. Before the drop in demand for oil to a 25-year low. Before the OPEC-Russia-Saudi Arabia dispute. Before highways cleared and traffic jams disappeared. Before all that, there were these forecasts. See them -- on a single chart -- now.
Updated: April 22, 2020The "long squeeze" in crude oil futures that pushed prices to -$40 a barrel was unpredictable. What was predictable was the broad decline in oil prices -- without looking at the COVID-19 grim stats. Watch our Energy Pro Service editor explain.
Updated: April 21, 2020On the afternoon of Friday, April 17th, our Pro Services made a bold forecast: We are "Big-picture bearish." See "the next downside price level of significance" we showed for crude oil.
Updated: April 9, 2020Many blame oil's price plunge on the coronavirus and Saudi Arabia / Russia tensions. However, crude's dramatic price decline was in the cards well before these events. Take a look at this chart.
Updated: March 24, 2020In barely 9 weeks, crude oil fell nearly 70 percent. Yet, at the January high, sentiment expected higher prices. Now see the contrary-to-sentiment forecast that had subscribers ready for exactly what unfolded before crude collapsed.
Updated: March 19, 2020Third waves in the basic Elliott wave pattern are typically the strongest and fastest. The sell-off in crude on March 18 fits the 3rd-wave "personality." Which is to say, the sell-off was predictable, if you were watching wave patterns in oil's charts in the days before. Watch our Energy Pro Service editor show you the details.
Updated: March 18, 2020The stunning 24% sell-off in crude oil on March 18 was not unexpected. In fact, it had a clear warning -- an Elliott wave warning. Here's the wave analysis and forecast our trader-focused Energy Pro Service published for subscribers the day before.
Updated: March 9, 2020You'll read many mainstream explanations as to why oil prices collapsed on March 8. But on March 6, Elliott waves already warned that oil was entering a 3rd wave sell-off. In other words, the collapse had "deeper roots." Our Energy Pro Service editor explains more. Log in -- or sign up free -- to watch now.
Updated: March 9, 2020When stocks fall hard, gold is "supposed" to rally big. Yet, in late February, stocks AND gold BOTH saw major losses. See the forecast that got gold right, before the fall.
Updated: March 4, 2020Mainstream pundits love to say that high oil prices are bad for the economy and stocks, while cheap oil is good. Now watch our Energy Pro Service editor show you a simple chart that busts this myth -- and show you how Elliott waves could have helped you catch oil's sell-off.
Updated: February 26, 2020Official warnings about the corona virus began on January 1st. Yet, crude oil prices were mostly higher in February, until the 54.66 peak on Feb. 20th: That day, our Energy Pro Service showed a crude oil chart with a down arrow and said "[A] top of some magnitude is in place."
Updated: February 5, 2020The coronavirus is NOT "driving" crude oil's decline. On Jan. 21, Energy Pro Service warned of a pattern set to take oil prices below $50 per barrel. See it for yourself in Chart of the Day.
Updated: January 29, 2020Recent months saw a large decline in natural gas prices: news stories blame a "supply glut" and "mild winter." Yet see for yourself exactly why explanations like these are bogus -- and what a useable market forecast looks like.
Updated: January 8, 2020On Tuesday evening, Iran retaliated against the U.S. Oil prices spiked. If you bought the rally, you would have bought near the top. See how Elliott waves could have guided you out of this predicament -- in real time.
Updated: January 3, 2020On Jan. 2, pundits cited the Iran news for crude’s rally. But if it were solely the news, why would our Energy Pro Service have already been bullish? Watch EWI Chief Energy Analyst Steve Craig compare today's situation with the 2019 Saudi oil facility drone attack -- and then, put it all into an Elliott wave perspective.
Updated: December 13, 2019Every market has its tendencies. Seasonal tendencies are what you hear about most commonly. Natural gas -- a.k.a., the "most volatile commodity" -- is no exception. Watch our Energy Pro Service editor put natural gas' tendencies in an Elliott wave perspective.
Updated: December 6, 2019The recent rise and fall of natural gas saw 3 patterns at work: A triangle, a five-wave move, and an ‘Island Reversal.’ See them all for yourself, right now.
Updated: October 30, 2019You've heard of Bollinger Bands as a technical market indicator, and maybe you're already using it. It can be a great tool in the right hands -- watch our Energy Pro Service editor show you how he applies it to forecast crude oil prices, and what supporting indicators he uses.
Updated: September 19, 2019On Friday, September 13 -- before the attack on Saudi oil processing -- Commodity Junctures editor Jeffrey Kennedy forecast the move higher in crude prices. See the chart and forecast for yourself.
Updated: August 15, 2019At the end of July, the conventional wisdom saw higher prices for the crude oil market. Now see the chart and forecast that show why Elliott Wave analysis (rightly) saw otherwise.
Updated: August 1, 2019Before the Fed's July 31 decision on interest rates, oil bulls crossed their fingers for the first rate cut since 2008. That's exactly what happened. But instead of rallying, oil prices suffered a walloping, one-day 8% decline on August 1. Forget the Fed, here's the real story on why oil tanked.
Updated: July 25, 2019Watch Steve Craig, our Energy Pro Service editor and contributor to the monthly Global Market Perspective, walk you through the recent ups and down in natural gas -- and give you his forecast.
Updated: July 19, 2019On July 15, Energy Pro Service chief analyst Steve Craig showed a chart with labels that identified the start of a decline. See the chart -- and forecast -- for yourself, right now.
Updated: July 5, 2019Like 2005's Katrina, a major Gulf of Mexico hurricane can deal a heavy blow to crude oil production. Most financial and economic pundits would then conclude that such a supply disruption would send oil prices skyrocketing with demand. Yet this chart defies their Econ 101 logic.
Updated: July 5, 2019Why have crude oil prices been so volatile? NOT because of the U.S.-China trade truce, and NOT from OPEC's production cut. The answer is investor psychology, which unfolds in Elliott wave patterns. See it for yourself.
Updated: June 20, 2019In this excerpt from our June 19 Energy Pro Service forecast, see how Elliott waves prepared subscribers for crude oil’s 5%+ rally one day before – and get a glimpse at oil's next move.
Updated: June 18, 2019Countless news articles have stated how the oil market influences the stock market, but sometimes these articles offer opposing explanations. How can investors find out the real relationship between oil and stock prices? This chart will make the answer clear as day...
Updated: June 12, 2019By now, if you've been watching Elliott waves for a while, you know that when bullish news prevails, the waves usually say, "a top is near!" The opposite is true near bottoms. Crude oil gave us examples of both extremes recently. Watch.
Updated: June 5, 2019From August 2018 thru June 2019, crude oil prices saw multiple turns and trends in both directions. See exactly how Global Market Perspective kept subscribers a step ahead and prepared for the opportunities.
Updated: May 23, 2019On May 21, with crude trading near $63 a barrel, our Energy Pro Service posted a subscribers update showing that oil was poised for an explosive move... down.
Updated: May 10, 2019In October 2018, Iran sanctions led some forecasters to predict crude oil prices of "$200 per barrel." In fact, prices soon FELL by 42 percent. See how we kept subscribers on the right side of this trend, plus the more recent 50 percent rally in crude.
Updated: April 25, 2019Even though their hard-earned money is at stake, most investors do not rigorously research financial markets. Instead, they look to others for clues, often without checking a thing. Learn why EWI believes this is a financially dangerous strategy.
Updated: April 22, 2019Third waves are the longest and strongest moves within the basic Elliott wave pattern. That's why wave traders love them. See what helped our Energy Pro Service spot a 3rd wave for subscribers ahead of this 3%+ intraday rally in crude oil.
Updated: April 16, 2019It's been costing more to fill up at the gas pump, and many oil market observers are calling for even higher prices. However, we've been here before. Get our analyst's insights as you take a look at these two crude oil charts...
Updated: March 8, 2019EWI's Pro Services analyst Steve Craig talks with Dana Weeks about his recent natural gas forecast, and what to expect in crude oil prices.
Updated: February 4, 2019In late 2018, US-imposed sanctions on Iran were supposed to push oil prices to $90, $100, even $200 per barrel. Instead, U.S. crude plummeted 40% to a 17-month low. Elliott wave analysis sets the record straight.
Updated: January 18, 2019Energy analyst Steve Craig shows the trends and patterns in Crude and Natural Gas markets that defined 2018, and previews what to expect from here.
Updated: December 13, 2018In mid-September, natural gas prices seemed stuck in a narrow price range. But EWI’s Steve Craig saw the pattern for what it was: An opportunity. See his chart and forecast for yourself.
Updated: November 20, 2018To explain the big price move in crude oil, "Tricked" sounds more interesting than "trendline break." Even so -- the real question is, did the market tip its hand before the big move? See the answer for yourself in Chart of the Day.
Updated: November 7, 2018The chart below of crude oil looks at the final week of October. You can see that after a few days of sideways action, prices turned up on October 26. The question before traders that day was simple: Would crude's price keep rising?
Updated: October 29, 2018AFTER a big move in oil ... there's always a "reason" to explain the price action. Yet Elliott wave analysis spotted a clear chart set-up in crude before it made headlines. See it for yourself right here.
Updated: October 17, 2018"Supply-demand theorists glance at this graph and declare that the trend toward more U.S. oil production caused oil's price to fall. But the claim does not bear scrutiny."
Updated: August 16, 2018On August 15, crude oil prices plunged 3% to a two-month low. Many experts cited a shockingly bearish same-day inventory report as the catalyst. One look at these charts, though, and you'll see a very different side to the story.
Updated: August 9, 2018A curious thing happened to crude oil prices on Wednesday (Aug. 8). The market tanked 3.2%, but that's not unusual; the curiosity is in crude's fundamentals, which were said to have sent prices lower.
Updated: May 18, 2018With gas prices approaching $3 a gallon, it's time to talk about the trend in crude oil. ElliottWaveTV asked Steve Craig, editor of our Energy Pro Service, for his take on the seasonal, political and other factors making the rounds in the oil market.
Updated: May 14, 2018News stories say supply drives price, but it works the other way around. Changes in supply and demand are better explained by changes in price. See this in Chart of the Day.
Updated: April 19, 2018With crude oil prices at a 3-year high, ElliottWaveTV sat down with our Energy Pro Service editor, Steve Craig, to ask him if factors like the rising oil rig count or global oil inventories influence his perspective. Steve's been bullish on oil -- get his latest take on crude, XLE and more.
Updated: April 13, 2018Spike in Crude: Political "Words of War" ... or, was a before-the-fact forecast unfolding? See for yourself the difference a chart makes.
Updated: March 29, 2018There was a time (not long ago) when market observers talked about a correlation between oil and stocks. Recently, however, oil seems to be doing its own thing. ElliottWaveTV asked our Energy Pro Service editor, Steve Craig, for his take.
Updated: March 27, 2018Many oil traders are often on the wrong side of the trend at major market turns. Why? They base their trading decisions on a faulty premise regarding oil prices and production. Get the insight you need to know.
Updated: February 26, 2018When the Dow shed a quick 10% and cryptos crashed a few weeks ago, how did crude oil, natural gas and energy ETFs fare? ElliottWaveTV asked Steve Craig, editor of our Energy Pro Service, if volatility is the new reality in his markets, too.
Updated: February 9, 2018Is there really a connection between the drop in the stock market and falling oil prices? Our Energy Pro Service editor, Steve Craig, gives ElliottWaveTV some illuminating answers.
Updated: January 26, 2018The recent IEA report suggests U.S. shale oil production will see "explosive" growth this year. Our ElliottWaveTV spoke with Steve Craig, our Energy Pro Service editor, to ask how he factors that into his short- and long-term price forecasts.
Updated: January 24, 2018Is there a negative correlation between oil and stock prices? This chart puts a widely held assumption to the test.
Updated: January 9, 2018See the chart that shows you what sentiment in the crude oil market looks like -- and it does have a LOT to show.
Updated: November 29, 2017Those who blame "cold weather" for rising oil prices should remember that crude had no problem falling as low as $26 a barrel in Q1 2016…smack dab in the middle of winter. To shed some Elliott wave light on the recent rally in crude, we invited our Energy Pro Service editor to the ElliottWaveTV studio. Watch Part 1, where Steve Craig explains his take on what's going on.
Updated: November 16, 2017Steve Craig, the editor of our Energy Pro Service, discusses recent price action across crude oil and natural gas. Watch this new interview below to learn why he believes recent price action is significant.
Updated: October 17, 2017Steve Craig, our Chief Energy Analyst and editor of our Energy Pro Service, tells you how he stays on top of the ebbs and flows in energy markets. (Spoiler alert: Keeping an open mind and following Elliott wave rules is a good start.)
Updated: October 13, 2017Regardless of your method, it's hard to forecast a range-bound market. Yet, even corrections have internal order, despite their "messy" appearance.
Updated: September 1, 2017Economics 101 says a reduction in supply causes prices to rise. So why did oil prices fall after Hurricane Harvey ravaged the Gulf, shut down ten oil refineries and stopped between 380-780 million barrels of oil per day from being produced? Social mood has the answer.
Updated: August 31, 2017When Hurricane Harvey struck straight into the heart of U.S. oil country on August 25, many mainstream financial experts saw no way for oil prices to go but up. But instead, crude oil crumbled. Turns out, there's more to this market than weather patterns.
Updated: August 29, 2017If supply disruptions cause oil prices to go up, can you tell when on this chart the most destructive hurricane in U.S. history arrived?
Updated: August 17, 2017Mainstream experts watch the 'delicate balance' in supply/demand. But you can see we see in sentiment and the Elliott wave charts...
Updated: August 10, 2017Steve Craig tells you about energy ETFs and explains how they let you gain exposure to energy markets without the leverage involved in futures trading.
Updated: July 31, 2017In the mid-2000s, the world feared it was running out of oil. Speculators, in turn, became feverishly bullish on oil's price. A 78% crash soon followed. Now, the phrase "peak oil" has been re-introduced, but in a different way.
Updated: July 20, 2017Some trends pull prices like a freight train, and jumping on the wrong one can cost you dearly. That's why, in the Elliott wave approach, identifying the trend is paramount. Let's look at crude oil prices as an example.
Updated: July 5, 2017On Feb. 4, 2017, a major financial publication proclaimed: "Oil Prices Headed Higher in 2017." Conversely, one day earlier, EWI's energy analyst said "we need to respect the possibility that a significant top is in place." That top remains intact.
Updated: June 22, 2017On January 1, OPEC and Co. sealed a deal to slash crude oil supplies and by proxy, keep prices afloat. And yet, on June 20, crude raked in its worst first-half of a year since 1997. We think there's a simple reason why.
Updated: June 15, 2017Dear crude oil traders, the key to the market's next big move isn't in the next inventory report, or OPEC supply cut, or (fill in the blank). It's on the market's price chart, right now!
Updated: June 15, 2017On June 14, the price of U.S. oil fell below $45 a barrel, and some are blaming the slide on oversupply. But, is that the real reason? See how the Elliott wave model has been highly useful in staying ahead of oil's trend turns.
Updated: May 26, 2017Before the May 25 OPEC meeting, crude oil price rose to $52 a barrel. And then, as the meeting statements were released, crude sank more than 5%. You could say it's a classic case of "buy the rumor, sell the news." But we believe there was another pattern at play here.
Updated: May 19, 2017See why our Chief Energy Analyst believes that regardless of what OPEC does, it's unlikely to change oil's dominant trend.
Updated: April 19, 2017In the aftermath of the April 7 missile strike on Syria in retaliation of President Bashar al-Assad's chemical weapons attack, the mainstream financial experts agreed: "The geopolitical premium [for oil] is on the rise." And yet, oil prices have faltered since, plunging 4% on April 19. What gives?
Updated: April 12, 2017Steve Craig, the Editor of our Energy Pro Service, explains that when looking across the energy complex, 2017 is playing out according to his Elliott wave script.
Updated: April 11, 2017The search for recoverable crude never stops. But, the search is more active at some times than at others -- drilling for crude is immensely expensive and full of risk. Yet here's what is especially relevant to our forecast: The search for crude is a collective activity. So it's no surprise that the oil rig count reflects a textbook Elliott Wave pattern. See it for yourself on our unique chart.
Updated: April 6, 2017Crude oil prices fell sharply on April 5. Analysts blamed the dip on a surprise jump in U.S. crude inventories. But take a look at this chart before you accept that explanation.
Updated: August 22, 2016In part 2 of our in-depth conversation with Steve Craig, Elliot Wave International's Chief Energy Analyst, he reveals why the volatility in crude oil and natural gas keeps him excited about the markets he covers.
Updated: August 19, 2016Energy Pro Service editor Steve Craig has established himself as one of the world's most accurate forecasters of oil prices. In this short chat with ETV, Steve reveals how he came to EWI and, importantly, how he uses the Wave Principle to keep his subscribers ahead of the massive moves in crude and nat gas (5:01).
Updated: July 14, 2016The facts and evidence are clear: When emotions run high, Elliott waves are at their best. Case in point: Crude oil from 2014 to today. See Prechter's mind-boggling chart and forecast for yourself.
Updated: May 27, 2016Our Chief Energy Analyst explains that although eyes are on the upcoming June 2 OPEC meeting, market psychology is what really makes crude prices ebb and flow.
Updated: November 18, 2015You've probably heard of "quants," or quantitative analysts. You may also know that we've been developing our own AI system we call EWAVES. In this interview, learn what makes EWAVES different.
Updated: November 18, 2015You've probably heard of "quants," or quantitative analysts. You may also know that we've been developing our own AI system we call EWAVES. In this interview, learn what makes EWAVES different.
New insights from our European Markets Expert Brian Whitmer. Plus, learn what momentum is signaling across the metals markets. And lastly, this is why it's important to keep the bigger market trend in mind -- case in point: crude oil.
According to our Senior Metals Analyst: "Metals have blown up." Learn what to expect next ... EWI first discussed Bitcoin when the electronic currency traded at six cents. Prepare now for some major "crypto-drama" ... Hurricane Harvey hit and Hurricane Irma is on the way. Will they send oil prices higher?
This episode features our latest ElliottWaveTV mailbag, new insights into the recent price action across the metals markets, plus learn how psychology determines energy market trends.
Updated: January 1, 0001Oil prices took a deep dive into the mid-$65 range this week. See why, from the Elliott wave perspective, the sell-off made complete sense -- plus, get a good idea as to what's next, courtesy of our Energy Pro Service analyst.