From the high of $147 a barrel in 2008 -- to the low of $32 in 2009; from the high of $107 in 2014 -- to the 2016 low of $26 a barrel, crude oil has been on a wild ride. The swings have investors glued to their screens, and not just investors -- after all, oil prices determine how much you pay at the pump and the grocery store. Well, see if these free resources help you tame this "wild Bronco."
Some 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.