When the week began on Monday July 14, crude oil’s fundamental backdrop was overwhelmingly bearish. Yet, from its 99.01 low on July 15, crude prices shot up in a powerful surge. That morning, EWI’s Energy Pro Service used Elliott wave analysis — not the news — to gauge where the market was headed. Spoiler Alert: It was UP!
Learn How the Wave Principle Can Improve Your Trading
http://www.elliottwave.com/freeupdates/archives/2014/07/17/Don-t-Drink-and-Shoot-While-Trading-Crude-Oil.aspx#axzz37oJEZg63
When the week began on Monday July 14, crude oil’s fundamental backdrop was overwhelmingly bearish. Yet, from its 99.01 low on July 15, crude prices shot up in a powerful surge. That morning, EWI’s Energy Pro Service used Elliott wave analysis — not the news — to gauge where the market was headed. Spoiler Alert: It was UP!
Learn How the Wave Principle Can Improve Your Trading
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