econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 12 October 2016

Crude's Post-OPEC Rally Bears Watching But Natural Gas Is The More Interesting Market At This Juncture

from Elliott Wave International

-- this post authored by Steve Craig

What are the latest insight on price trends in crude oil and natural gas?


But first, a special event from Elliott Wave begins today

Announcing Trader Education Week -- A FREE trading event that will teach you how to spot trading opportunities in your charts. Spend October 12-18 getting free trading lessons that you can apply to your trading immediately -- from one of the world's foremost market technicians, Jeffrey Kennedy. Register now for your FREE week of trading lessons and get immediate access to 3 introductory resources.


EWI's Top Energy Analyst: Crude's Post-OPEC Rally "Bears Watching" But "Natural Gas is the More Interesting Market at this Juncture"
New insights from Chief Energy Analyst Steve Craig

By Elliott Wave International

Elliott Wave International's Steve Craig offers you his latest insight on price trends in crude oil and natural gas.

********

[Editor's note: the text version of this interview is below.]

Alexandra Lienhard: I'm Alexandra Lienhard, and today on ElliottWaveTV, I have Steve Craig joining me by phone. Steve covers the energy markets for Elliott Wave International's Global Market Perspective.

Now, Steve, the first production cut by OPEC in 8 years has the world's eyes back on crude. When looking at crude, what exactly do you see?

Steve Craig: Crude's post-OPEC rally exceeded our expectations and moved crude to an area where there are really multiple Elliott wave counts in play. We still like the idea that the market is correcting , but at this juncture we really need to see how things play out to get a good handle on a potential wave count.

Alexandra: Now, anything specific standing out for you in crude right now?

Steve: What is interesting about crude is that when you take a look at particularly the weekly chart, there's a potential for a Head and Shoulders bottom to form. It hasn't been confirmed with the "neckline" break just yet, but it certainly bears watching.

Alexandra: And, Steve, in the October Global Market Perspective you made a point of highlighting natural gas. So switching gears a bit, what are you looking at in nat gas right now?

Steve: Natural gas is the more interesting market at this juncture. It rallied right up into a solid area of overhead resistance and is attempting to turn down. It'll take some more confirmation on the downside, but natural gas could be at a very significant turning point.

Alexandra: Thanks for taking a couple of minutes today Steve, appreciate it.


Unleash the power of the Wave Principle

Much like a great sports play; to appreciate a great market forecast, you have to see it. In fact, we'd like to show you four. Our examples do indeed show what can happen when Elliott analysis meets opportunity. But we're not asking you to attend a class in 'good calls.' In each of these four markets, the unfolding trends have (once again) reached critical junctures. You really, really want to see what we see, right now.

Get your report -- How to Find Real Opportunities in the Markets You Trade -- FREE

This article was syndicated by Elliott Wave International and was originally published under the headline EWI's Top Energy Analyst: Crude's Post-OPEC Rally "Bears Watching" But "Natural Gas is the More Interesting Market at this Juncture".

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
What We Read Today 05 December 2016
Why We Have Different Blood Types
November 2016 Conference Board Employment Index Improved.
November 2016 ISM and Markit Services Index Mixed
Are All Collateralized Loan Obligations Equal?
A Third Of Homes Sold For The List Price Or More In August 2016
It Is Still Not Too Late To Find A Seasonal Job
Infographic Of The Day: Are You A Good Listener
Early Headlines: Italy Votes 'No', Renzi Resigns, Euro Plunges 2 Pct, Asia Stocks Down, Trump Foreign Policy By Tweet, Dakota Pipeline Stopped, India Serv. PMI Contracts And More
Most Read Articles Last Week Ending 03 December
The World's Most Creative Cities
The Countries Where People Aren't Interested In Politics
Fidel Castro And The Revolution That Almost Wasn't
Investing Blog
Market Sector Analysis: 04 December 2016
Trumponomics: The New Hope
Opinion Blog
The Labor Market Working Nine To Five
Why Did Trump Win? A Different Perspective, Part 3
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
05Dec2016 Market Update: DOW Grows At Fastest Pace In A Year, WTI Crude Steady At $52, US Dollar Still Slipping, Investors Becoming Tired (and Sloppy)
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved