74 Results

Crude Oil Enters Bear Market: An (In)Convenient Coronavirus Truth?

Updated: February 5, 2020

The 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.

Natural Gas Runs Out of Gas: What the Frack Happened?

Updated: January 29, 2020

Recent 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.

Oil Prices: Here's Why NOT to Trade on the News

Updated: January 8, 2020

On 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.

Oil Prices Jump Nearly 5%: Will It Last?

Updated: January 3, 2020

On 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.

Natural Gas Does This 72% of the Time

Updated: December 13, 2019

Every 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.

Natural Gas Rise & Fall, As Forecast in THREE Levels of Pattern Recognition

Updated: December 6, 2019

The 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.

A Quick Lesson in Bollinger Bands (Crude Oil in Focus)

Updated: October 30, 2019

You'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.

Crude Oil Surges Most Since 1991 Gulf War: Was the Drone Attack Really to Blame?

Updated: September 19, 2019

On 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.

Oil Prices: Thar She Woes! A Slump Like A Melting Snow Hill

Updated: August 15, 2019

At 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.

Crude Oil Bulls Got Their Rate Cut. And... Oil Prices Crashed 8.1% in One Day?

Updated: August 1, 2019

Before 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.

How to Ride the Waves of the "Most Volatile Commodity"

Updated: July 25, 2019

Watch 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.

Crude Oil Turned Down & Not for the Reason You Might Think

Updated: July 19, 2019

On 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.

Oil Prices and the 2019 Hurricane Season

Updated: July 5, 2019

Like 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.

Two Big Moves in Oil: Will the Real Driver of Price Please Stand Up?

Updated: July 5, 2019

Why 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.

Crude Oil Jumps 5%: See Intraday Elliott Wave Setup (That You’ll See Again. And Again.)

Updated: June 20, 2019

In 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.

Should Stock Investors Prepare for an Oil "Shock"?

Updated: June 18, 2019

Countless 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...

You Can't Predict the News. But You CAN Predict the Waves -- Watch

Updated: June 12, 2019

By 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.

Near Term Opportunities via Long Term Crude Oil Charts

Updated: June 5, 2019

From 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.

Crude Falls Hard: The Set-up You Need To See

Updated: May 23, 2019

On 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.

Crude Oil Prices & the Sanctions Effect: It's Not What You Think

Updated: May 10, 2019

In 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.

How to Get Ahead of the Investing Crowd BEFORE It Moves

Updated: April 25, 2019

Even 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.

Crude Oil: Setup You Want to See Before a Big Move

Updated: April 22, 2019

Third 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.

Beware the Slippery Ways of Crude Oil

Updated: April 16, 2019

It'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...

Ahead of the Trend in Natural Gas - plus, Crude Oil Insights

Updated: March 8, 2019

EWI's Pro Services analyst Steve Craig talks with Dana Weeks about his recent natural gas forecast, and what to expect in crude oil prices.

Crude Oil Prices: Rethinking the Sanctions Effect

Updated: February 4, 2019

In 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.

Energy Markets: More Volatility Ahead in 2019?

Updated: January 18, 2019

Energy analyst Steve Craig shows the trends and patterns in Crude and Natural Gas markets that defined 2018, and previews what to expect from here.

Were You "Bucked Off" the Natural Gas Bullish Breakout?

Updated: December 13, 2018

In 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.

Trump, Oil Prices, and Trendlines

Updated: November 20, 2018

To 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.

Crude Oil Clarity: Focus on This!

Updated: November 7, 2018

The 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?

Crude Oil Plunges on ... Saudi Pledge? Not Even Close

Updated: October 29, 2018

AFTER 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.

Oil Prices Vs. Production: Here's the Connection That Most Observers Ignore

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."

Why Oil Prices Fell -- Stockpiles or Price Pattern?

Updated: August 16, 2018

On 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.

Crude Oil Sheds 3.2%: Two Ways to Look at What Happened

Updated: August 9, 2018

A 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.

Crude Oil: Bullish Spring Cycle -- or Something Else?

Updated: May 18, 2018

With 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.

Oil Prices: Here’s Why “Supply and Demand are Meaningless”

Updated: May 14, 2018

News 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.

Crude Oil: Making Sense of the 3-Year High

Updated: April 19, 2018

With 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.

3-Year High in Crude: Why Syria is Only Part of the Answer

Updated: April 13, 2018

Spike in Crude: Political "Words of War" ... or, was a before-the-fact forecast unfolding? See for yourself the difference a chart makes.

Crude Oil and U.S. Stocks: No Longer in Sync?

Updated: March 29, 2018

There 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.

Oil Prices Vs. Production: See the “Elephant” Almost Everyone Ignores

Updated: March 27, 2018

Many 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.

Volatility: What It Implies for Energy Markets

Updated: February 26, 2018

When 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.

What's the Real Reason Behind Falling Oil Prices?

Updated: February 9, 2018

Is 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.

Oil Above $66: Will Rising Supply Kill the Rally?

Updated: January 26, 2018

The 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.

Oil and Stock Prices: Challenging a Widely Held Belief

Updated: January 24, 2018

Is there a negative correlation between oil and stock prices? This chart puts a widely held assumption to the test.

Crude Oil: Fueled Up For A Fall?

Updated: January 9, 2018

See the chart that shows you what sentiment in the crude oil market looks like -- and it does have a LOT to show.

Crude Oil Pushing $60 a Barrel: More to Come?

Updated: November 29, 2017

Those 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.

Crude: "A Slow But Steady Grind"

Updated: November 16, 2017

Steve 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.

Crude Oil, Natural Gas & More: How to Spot High-Confidence Junctures

Updated: October 17, 2017

Steve 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.)

Natural Gas: When 5 Waves Down Mean... Up!

Updated: October 13, 2017

Regardless of your method, it's hard to forecast a range-bound market. Yet, even corrections have internal order, despite their "messy" appearance.

Why the Oil Market Ignored Economics 101 When It Comes to Harvey

Updated: September 1, 2017

Economics 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.

Oil Prices Fall... DESPITE Hurricane Harvey?

Updated: August 31, 2017

When 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.

Harvey's Here. So Why Are Oil Prices Lower?

Updated: August 29, 2017

If supply disruptions cause oil prices to go up, can you tell when on this chart the most destructive hurricane in U.S. history arrived?

Crude Oil, Market Sentiment - And What We Pay at the Pump

Updated: August 17, 2017

Mainstream experts watch the 'delicate balance' in supply/demand. But you can see we see in sentiment and the Elliott wave charts...

Energy ETFs: What You Need to Know

Updated: August 10, 2017

Steve Craig tells you about energy ETFs and explains how they let you gain exposure to energy markets without the leverage involved in futures trading.

A New Twist on "Peak Oil"

Updated: July 31, 2017

In 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.

Crude Oil Prices: Jumping on the Wrong "Freight Train"

Updated: July 20, 2017

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.

How Price Action in Energy ETF Preceded Sell-Off in Crude Oil

Updated: July 5, 2017

On 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.

Crude Oil Sinks 20%: Why "Oversupply" Isn't the Half of It

Updated: June 22, 2017

On 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.

Crude Oil Opportunity: Cut to the Front of the Line

Updated: June 15, 2017

Dear 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!

New Evidence that Oil Prices Follow the Elliott Wave Model

Updated: June 15, 2017

On 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.

Crude Oil: More Than Just a Case of "Buy the Rumor, Sell the News"

Updated: May 26, 2017

Before 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.

OPEC or Not, Crude Oil Prices Will Go 'Here'

Updated: May 19, 2017

See why our Chief Energy Analyst believes that regardless of what OPEC does, it's unlikely to change oil's dominant trend.

Crude Oil: The "Upshot" of Missile Strikes and Tight Supply Data

Updated: April 19, 2017

In 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?

Energy Volatility: What to Expect Next

Updated: April 12, 2017

Steve 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.

Oil Rigs and Oil Risks: What's Next for the "Boom-Bust" Cycle?

Updated: April 11, 2017

The 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.

Crude Oil: A Better Way to Explain the Sharp Dip

Updated: April 6, 2017

Crude 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.

Energy: EWI's Chief Oil Analyst Reveals When Elliott Is at Its Best (Part 2)

Updated: August 22, 2016

In 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.

Energy: EWI's Chief Oil Analyst Reveals When Elliott Is at Its Best (Part 1)

Updated: August 19, 2016

Energy 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).

Case Study: Successfully Forecasting Crude Oil from 2014 to Today

Updated: July 14, 2016

The 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.

Opec Meeting: Just One Piece of the Crude Puzzle

Updated: May 27, 2016

Our 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.

"We are not quants" -- and Here's Why It Matters

Updated: November 18, 2015

You'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.

EWAVES Developer: "We are not quants" -- and Here's Why It Matters

Updated: November 18, 2015

You'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.

Updates on Metals, Copper & More


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.

Europe, Metals & Energy – New Forecasts & Analysis


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.

Metals, Bitcoin & Oil Prices


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?

74 Results