136 Results

Crude Oil: Why You Should Look Beyond Supply / Demand

Updated: November 18, 2022

There's a widespread belief that a change in supply and demand is the primary mover of oil prices. However, Elliott Wave International has investigated this belief and the findings may surprise you.

Crude Oil: 23 Years of Spot-on Forecasts You Can Fact-Check

Updated: November 3, 2022

The price of crude oil is well off it's high from earlier this year, yet now, one major Wall Street firm says to expect much higher prices down the road based on tightening supply. But does "supply and demand" really regulate the price trend of oil? Here are some insights.

Natural Gas Bulls Run for the Exits for No Good Reason... Except This One!

Updated: October 27, 2022

On August 22, natural gas prices soared to 14-year highs. Pipeline disruptions and scorching demand saw the "bulls running rampant." But then, the bulls ran for the exits with natgas plunging 50%-plus to 3-month lows on October 21. This wasn't a freak of nature; it was a solid Elliott wave forecast.

Europe’s Energy Sector: “The Lehman Moment Just Arrived”

Updated: October 20, 2022

Many people remember the collapse of Lehman Brothers about 14 years ago, and now, another "Lehman moment" has arrived in Europe. It's happening in the energy sector. Here's some of Elliott Wave International's analysis.

Oil Prices: 1 Reason to Rally BEFORE There Were 2 million Reasons To

Updated: October 7, 2022

Conventional wisdom says OPEC supply cuts drove crude's move higher: But now see the chart and forecast that anticipated the move well before OPEC's decision.

Energy Transfer LP: The Road to a 42% Rally was Paved in this Elliott Wave Pattern

Updated: September 15, 2022

In mainstream finance, traders rely more and more on G.P.S. (Global Pundit Systems) to tell them how to get to the next "It" stock. But when that system glitches out (which it often does), traders are lost! Elliott wave analysis, however, enables traders to read and understand clear "road maps" to opportunity directly on price charts. In focus: Energy Transfer LP.

Natural Gas Sizzles: Same “Fundamentals” … Different Outcome?

Updated: August 26, 2022

Financial media plays musical chairs with fundamentals: As the music stops, a certain news event sits in the "causal" chair - but in the next round, the same cause is put in the seat when the trend flips from bearish to bullish.

Crude Oil: How We Kept Subscribers Ahead of Volatile Highs and LOWS Since February

Updated: July 14, 2022

'Inflation' headlines about crude appeared well into the month of June: Yet price peaked on March 7th, and crude fell as much as 25 percent lower. See the forecast that got it right.

Crude Oil: From -$40 to +$130

Updated: July 1, 2022

It's hard to believe -- and easy to forget -- that at the onset of the pandemic in April 2020, crude oil prices briefly went negative. Meaning, oil producers would have paid YOU up to $40 a barrel just to take it off their hands. My oh my, how things have changed. Since March, oil prices have risen even more -- but it's been very choppy. See this extraordinary chart that shows how Elliott waves handled the recent volatility.

Crude Oil's Single Day 8% Slump: Follow Our Diagonal

Updated: June 22, 2022

The Fed's coming rate hike was well known beforehand: A day before the FOMC meeting on June 15, oil prices were holding strong and had even traded higher. Now see and read the forecast that got it right.

Read and See What Our Crude Oil Forecast Said Two Years (!) Ago

Updated: June 13, 2022

Check it out: Global Market Perspective subscribers were ready for crude's huge rally, two years ago. EWI's Chief Energy Analyst Steve Craig shows you how -- and offers a glimpse into what's next.

Natural Gas Trend: Don't Follow Fundamentals Off a Cliff of Confusion

Updated: April 4, 2022

Natural gas launched a big rally in February, yet many investors were caught off guard: news reports changed every day regarding energy "fundamentals." Now see a forecast that used the right method to produce a successful forecast.

From Peak Oil to 'Please Take My Oil!' to ...?

Updated: March 23, 2022

Recent headlines firmly tie together rising oil prices with the Russia/Ukraine war, but Elliott waves suggested a big rally in oil well before the conflict. So, where to from here? Watch our Energy Pro Service editor show you the big wave picture. You'll find it quite eye-opening.

Are Rising Oil Prices Sending Stocks into a Downtrend?

Updated: March 17, 2022

Many market observers believe oil shocks have a big influence on the direction of the stock market. However, if these observers would examine the evidence, here is what they'd find.

Oil at $130: Look Beyond Supply and Demand

Updated: March 7, 2022

On March 1, President Biden announced the release of 30 million barrels of oil from the Strategic Petroleum Reserve to combat rising energy prices. U.S. allies agreed to release another 30 million barrels. Yet, the price of oil is higher now than it was on the date of that announcement. Let's examine whether supply / demand is the real driver of oil prices.

See Our Natural Gas Rally Forecast, Posted Weeks Before It Happened

Updated: February 1, 2022

From January 20th thru the 30th, natural gas rallied 32 percent. Our monthly, daily and intraday energy analysis delivered charts and forecasts that put subscribers ahead of the opportunity. See how it unfolded.

Crude Oil Soars to 7 Year High: Cue the Old, Tight Supply Song & Dance

Updated: January 21, 2022

A recent rise in crude oil prices led to predictable news about "falling supply." Yet our forecasts saw this "news" while it was still an opportunity: See it for yourself in Chart of the Day.

Crude Oil Prices Weren't Supposed to Recover from the Pandemic. So Much for “Supposed To”!

Updated: January 12, 2022

When crude plunged to -$42 (that's minus $42) per barrel in April 2020, Wall Street said oil was doomed by the pandemic demand crisis. Instead, prices recovered and soared to 7-year highs in November. To the experts, crude's rally seems "unthinkable." That depends on who's doing the thinking.

The 2021 Gas Crisis: How Did We Get Here & Where Are We Headed?

Updated: December 15, 2021

In mid-2020 global travel was at a stand-still, and so was fuel demand. Yet: Energy Pro Service showed subscribers an Elliott wave pattern that called for a rally that would fully retrace months of losses and more.

Energy ETFs: The Top Pick of Traders and... Robots Everywhere!

Updated: October 25, 2021

Oil prices are soaring and the world's biggest oil ETF, the USO, hit a 1-year high on October 20. Now, energy markets have won the hearts of traders and... robots alike! But before AI "bet big" on energy, Elliott wave analysis set the stage for USO's advance -- two months ago!

The 20 Percent Crude Oil Rally -- as Forecast in Global Market Perspective

Updated: October 14, 2021

Despite 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.

Crude Oil Up 120% in 1 Year: What Happened to Those Lasting Pandemic Scars?

Updated: October 13, 2021

October 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.

Brent Crude: Preparation is Better Than Panic

Updated: September 27, 2021

In 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.

Heating Oil on Fire! The Rally Was in the Cards... Just Not the Usual Deck

Updated: September 17, 2021

In 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.

Natural Gas at a 7-Year High: More Than a Flash in the Pan?

Updated: September 15, 2021

Natgas 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.

Will Oil Prices Skyrocket in the Aftermath of Hurricane Ida?

Updated: September 1, 2021

Will 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.

Natural Gas's Summer Heatwave: An "Unpredictable" Turn of Events?

Updated: August 30, 2021

Energy 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.

Natural Gas: Catching the "Unstoppable" Rally Before it Even Started

Updated: July 29, 2021

Natural 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.

Crude Oil Plunges 6.5% in One Day: No Two Ways About Why

Updated: July 20, 2021

Oil'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.

Natural Gas: “Lots of Potential”

Updated: July 16, 2021

When 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."

This Energy ETF Is on Wall Street's "Buy" List. But Have They Already Missed the Boat?

Updated: July 14, 2021

In 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?

Crude Rally: What We Said Before the 80-Plus Percent Rise

Updated: June 25, 2021

Even 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.

Six Sessions and Six Forecasts in Crude Oil: See the Outcome

Updated: March 31, 2021

Recent days saw several price turns in crude: Yet our intraday updates showed the charts and forecasts for what was next. See them for yourself.

Where Were You When this Benchmark Energy ETF Turned on a Dime?

Updated: March 18, 2021

Back 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.

Oil Prices Soar to 1-Year High Thanks to Supply Cuts. Or -- At Least That's What They Say

Updated: February 17, 2021

To 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.

Crude Oil: How Elliott Waves Anticipated the Rally

Updated: February 17, 2021

Crude 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.

Crude Oil Soars to 13-Month Highs: What's More Perfect than A "Perfect" Bullish Storm?

Updated: February 17, 2021

On 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) ...

The Nat Gas Bears Great Vanishing Act: Abracadabra or Elliott Waves?

Updated: January 15, 2021

In 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.

Oil Rebounds to 10-Month Highs on... Vaccine Hopes? Not Exactly!

Updated: December 30, 2020

Pro Services reveals the true cause of crude oil's late 2020 rally; hint: it wasn't vaccine hopes.

Crude Oil and Natural Gas: Same Wave Pattern, OPPOSITE Implications

Updated: November 17, 2020

Elliott 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.

Crude Oil Erases Early October Gains: The "Key" Level that Made All the Difference

Updated: October 30, 2020

When 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.

Oil: Why the Latest Rally Might Not Stick

Updated: October 6, 2020

If 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.

Crude: Another big drop. Why it's likely not done

Updated: October 2, 2020

Crude 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.

See the "Ending Diagonal" That Anticipated a 17% Crude Oil Decline

Updated: September 9, 2020

In 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.

Crude Oil: See What Predicted the September Sell-Off

Updated: September 9, 2020

On 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.

Gold and Oil: Be Aware of the “Spike”

Updated: July 16, 2020

There’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.

Stocks, Oil: See How Elliott Waves Help You Avoid "Getting Married to the Trend"

Updated: June 29, 2020

As 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.

Natural Gas's Crash to 25-Year Lows. A Meltdown in the Making -- Long BEFORE the Coronavirus

Updated: June 26, 2020

What 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.

Update on "Bearish Move of A Lifetime in Crude Oil" - What We Said AFTER the Fall

Updated: May 22, 2020

The 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.

Crude Oil: See What a "30-Year Roadmap" Can Do

Updated: May 15, 2020

Would 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.

Crude Oil: A Chart You Need to See to Believe

Updated: April 29, 2020

Before 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.

From "Peak Oil" to "Peak Glut"

Updated: April 22, 2020

The "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.

Bearish Move of A Lifetime in Crude Oil: What We Said Before the Fall

Updated: April 21, 2020

On 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.

Use This Method to Spot the NEXT Big Turn in Crude Oil

Updated: April 9, 2020

Many 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.

Crude Oil: A Contrary Forecast, Before the (Nearly) 70 Percent Decline

Updated: March 24, 2020

In 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.

Oil's 25% Drop on March 18 Had Nothing to Do with OPEC

Updated: March 19, 2020

Third 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.

Is Oil Finally a “Buy”?

Updated: March 18, 2020

The 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.

Oil's 30% Collapse: See What Really Happened

Updated: March 9, 2020

You'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.

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

Updated: March 9, 2020

When 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.

Crude Oil: Even a Little Elliott Wave Know-How Goes a Long Way

Updated: March 4, 2020

Mainstream 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.

Finding a Path in Crude Oil Amidst the Coronavirus Panic

Updated: February 26, 2020

Official 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."

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.

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.

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.

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?

Why Crude Oil's Recent Drop Is Likely Just the Beginning

Updated: January 1, 0001

Oil 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.

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