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. 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
Was Marx Right?
Angst in America, Part 5: The Crisis We Can’t Muddle Through
News Blog
What We Read Today 29 April 2017
'Horrifying' Witnesses Describe Latest String Of Prisoner Executions In Arkansas
Apr 25, 2017 08:01 GMT What Trump's Next 100 Days Will Look Like
How Did Small Businesses Do In 2016?
Costs Of Building A 355-Ship US Navy
The Roots Of Rising Treasury Yields
How Will College Grads Do In 2017 In Their Job Search
Recall This Bond Trader Chart? Here's What Happened
Infographic Of The Day: The Sad State Of America's Infrastructure In One Infographic
Early Headlines: High Worker Taxes, US Has Temp Funding, Net Neutrality Going?, Kurds Supported Erdogan, US To Crack Down On Iran, Russia C. Bank Easing, India Heat, H1B Scam, And More
Wiping Out Jobs Growth With Robotics
This Fantastic Idea For A Circular Runway Is Sadly Going Nowhere
Research Check: Are Aussie Women Ageing Up To 20 Years Faster Than US Women?
Investing Blog
The Last Time
Investing.com Weekly Wrap-Up 28 April 2017
Opinion Blog
New 'Gaullism' Rises In France
Blockchain: A Technology Whose Time Has Come
Precious Metals Blog
A New Age For Gold
Live Markets
28Apr2017 Market Close: Wall Street Closed Mostly Down On News The U.S. Economy Grew At Its Weakest Pace In Three Years, WTI Crude Settles In The Low 49 Handle
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































 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 - 2017 Econintersect LLC - all rights reserved