Crude Oil Enters Bear Market: An (In)Convenient Coronavirus Truth?
by Nico Isaac
Updated: February 05, 2020
Market Opportunities Are Not A "Spectator Sport"
It seems so obvious: A market forecast is only useful before the price move happens. If you read about "what happened" a day, week, or month later, then you're only a spectator.
You can't rely on news: Markets move first, and only after do news stories tell of "shortages," "surpluses," or "viral flu." Our subscribers were ready for the major move in crude oil before it happened. And you can likewise see what we see right now, in energy markets and a lot more, inside 2 of our popular subscription services: Global Market Perspective and Energy Pro Service.
Pick the service that suits your needs below:
I'm an Investor
I need big-picture forecasts for energy markets each month.
Our Global Market Perspective has been covering oil, natural gas and other energy markets since its inception in 1992. Each month, Chief Energy Analyst Steve Craig tells you like it is: what he sees next for the major energy commodities, and why. Plus, you get Elliott wave forecasts for stocks, bonds, metals, currencies (including cryptos) and more -- 40+ global markets in total.
I'm an Active Trader
I need intensive energy market coverage throughout the day.
Energy markets are never boring. Our Energy Pro Service market experts have decades of experience forecasting them using Elliott waves and other technical tools. Skip watching the news and watch price patterns instead -- and let us help you catch those short-term moves.
On February 24th, the U.S. stock market saw a huge one-day decline. Headlines blamed the coronavirus ... yet those stories are badly mistaken. Now see what did anticipate the big decline, days before it happened.
What's behind this selloff? Every article you read, unless it's written by an Elliottician, is going to tell you it's because of the coronavirus. Yet consider this line from the February issue of Global Market Perspective...
Coronavirus has been killing people around the world in January and February. Yet, the stock market kept popping to new record highs -- until now.