TradingFives » Crude Oil

Technicals vs. Fundamentals: Which are Best When Trading Crude Oil and Natural Gas?

tradingfives — Mon, 26 Jul 2010 17:21:44 +0000

July 26, 2010

By Elliott Wave International

If "fundamentals" drive trend changes in financial markets, then shouldn’t the same factors have consistent effects on prices?

For example: Positive economic data should ignite a rally, while negative news should initiate decline. In the real world, though, this is hardly the case.

On a regular basis, markets go up on bad news, down on good news, and both directions on the same news — almost as if to say, "Talk to the hand cuz the chart ain’t listening."

Unable to deny this fly in the fundamental ointment, the mainstream experts often attempt to reconcile the inconsistencies with phrases like "shrugged off," "defied" or "in spite of."

That begs the next question: How do you know when a market is going to cooperate with fundamental logic and when it won’t? ANSWER: You don’t.

Get FREE access to Elliott Wave International’s most intensive forecasting service for the global Energy markets. Now through noon Eastern time July 28, you can get timely intraday charts, forecasts and analysis for Crude Oil and Natural Gas. You’ll also get daily, weekly and monthly analysis and forecasts for all major Energy markets and Energy ETFs. Access FreeWeek now.

Take, for instance, the first three news items below regarding the July 22 performance in crude oil, versus the fourth headline, which occurred on July 23:

Crude prices surge nearly 4% in their sharpest one-day percentage gain since May. The rally was "aided by fears that Tropical Storm Bonnie will enter the Gulf of Mexico over the weekend and disrupt oil production." (Wall Street Journal)
"Oil Prices Soar As Gulf Storm Threat Looms" (Associated Press)
"The storm should keep oil prices bubbling if it continues to strengthen and remain on track." (Bloomberg)

vs.

"Oil Slips From Surge Despite Storm Threats" (Commodity Online)

Unlike fundamental analysis, technical analysis methods don’t rely on the news to explain or predict market moves. They look at the markets’ internals instead.

This article, Free Insight Into Crude Oil’s Next Big Move,was syndicated by Elliott Wave International. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts lead by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

What’s going on in crude oil?

tradingfives — Thu, 08 Jul 2010 14:48:51 +0000

We’ve had a number of requests to do a video on crude oil, so here it is. This market has been largely trapped in a broad trading range with support coming in around $70/barrel and resistance around $80-85/barrel.

Watch the video here.

In this new video, I show you some of the other factors that could tip this market one way or the other.

As always our videos are free to watch and there is no need to register. I hope you enjoy the video and please leave your comments.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

The Talk Of The Day Is Crude Oil

tradingfives — Tue, 15 Jun 2010 21:10:11 +0000

Whether it is the spill in the Gulf, which continues unabated, or talk on Capitol Hill, the subject is crude oil.

Today we received a signal by way of our weekly "Trade Triangle" to get long crude oil. In this new brief video, we show you the exact levels to keep your eye on and also where a logical stop would go for this position.

We have had a lot of questions on Fibonacci retracements lately and this video goes into detail about that phenomenon and how you can best use it.

Watch the video here.

As always our videos are free to watch and there are no registration requirements. We are always interested in your views

Adam Hewison
President, INO.com
Co-creator, MarketClub

Crude oil breaks $70 a barrel, and we are short…

tradingfives — Tue, 18 May 2010 08:52:00 +0000

The crude oil market broke through an important support zone and appears to be very much on the defensive. In this new short video on crude oil, I point out some of the levels that I still think are important in this market and illustrate just how important it is to use both stops and our "Trade Triangle" technology.

It is a short video and there is no charge or registration requirement in order to view.

If you have comments on this video, please visit our blog to share them with us.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub.com

Outlook For Crude Oil

tradingfives — Wed, 21 Apr 2010 19:27:03 +0000

There is no doubt about it, crude oil has been very choppy. There are two camps involved in the crude oil market: one is bullish and the other is bearish. In this new short video, I show you which camp I am in and what I think is going to happen to the crude oil market for the balance of the year.

You will also get to see the key areas that we have recently approached and reversed back down from, and why this area is so important for the future of crude oil.

As always, our videos are free to watch and there are no registration requirements. We welcome your thoughts and comments regarding this posting on our blog.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Crude Oil Under Pressure (Video)

tradingfives — Tue, 16 Mar 2010 13:50:32 +0000

The crude oil market came under pressure on Monday and I’m disappointed that I did not have this video out to you earlier.

Nonetheless, I think you will find this video useful as it outlines our position in this market. The video is short and to the point, nonetheless I think you’ll have a lot of good takeaway information.

As always our videos are free to watch and there are no registration requirements. I would really like to hear back from you with regards to your thoughts on this video.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

What Does the Crude Oil chart say?

tradingfives — Tue, 02 Feb 2010 18:30:35 +0000

Hi, this is Adam Hewison. I am just getting back into the swing of things and decided to take a look at the crude oil market. It’s the first time I’ve looked at this market this year and one thing jumped out at me right away and I wanted to share it with you.

It appears as though crude oil has an amazing cyclic quality that can be timed quite accurately with MarketClub’s “Triangle” technology. In this new short video, I showcase this cycle and how you can take advantage of it.

As always our videos are free to watch and there are no registration requirements. All we ask for is that you comment on this video if you find it interesting and informative. Enjoy the video and let us know what you think.

Adam Hewison President
MarketClub

Take Another Look at Crude Oil

Adam Hewison — Fri, 04 Dec 2009 17:05:03 +0000

Today we are looking at a January crude oil contract, but this can be any of the other contract months.

We’ve looked at this market before and were expecting it to go higher. It did not, however, fulfill that promise and with a red weekly “triangle” in place, it appears as though this market is heading down, but is it?

In today’s short video I discover an interesting cycle that I want to share with you. This cycle along with our MACD indicator, daily and weekly “triangles” are beginning to look extremely interesting.

I strongly recommend taking a few minutes out of your day to watch this educational and informative video on crude oil.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Straight Lines Lead Straight to Profits in Crude Oil

Adam Hewison — Wed, 30 Sep 2009 12:37:10 +0000

In this new short video I am going to share with you one of the simplest and most powerful technical tools of all time.

You don’t have to be a rocket scientist to do this and you don’t have to have a PhD in mathematics either. If you’re not already using this tool, I highly recommend that you watch this video.

As always, our videos are available to view without charge and without registration. All we ask is that you give us your feedback on the INO blog.

Watch the video here.

If you enjoy this video, share it with your friends. I am sure they will find it different and at the same time educational.

All the best,

Adam Hewison
President of INO.com
Co-creator of MarketClub.com

Fibonacci Analysis of Gold and Crude

tradingfives — Tue, 04 Aug 2009 17:45:19 +0000

photo credit: krazydad / jbum

You may have heard about Fibonacci, the man who discovered a set of numbers which have been found to have a major affect on the market. So who is this Fibonacci fellow and why are his findings so important in the market place?

The mathematical findings by this thirteenth century Italian man has yielded a useful tool which is used in technical analysis and by scientists in a large array of fields.

In our new short video, I will look at gold and also the crude oil market using MarketClub’s Fibonacci tool. I think you will be surprised and shocked at just how accurate and up-to-date this dead mathematician’s work is in today’s markets.

Watch the video here.

This is such an important video that we only want to leave it online for a short time. We urge you to take 4 minutes and learn the Fibonacci secret to the markets.

There is no need to register for this video and of course you can watch it with our compliments, but you must act today otherwise you risk missing out on this key element to the market.

Enjoy the video and please give us your feedback on this blog.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub