• 3 hours The Biggest Biotech Story Of 2021?
  • 10 hours Biden Looks To Rejoin Paris Climate Agreement
  • 1 day Capital One Fined Again For Money-Laundering Failure
  • 1 day 3 Stocks That Could Win Big As The Biden Administration Takes The Wheel
  • 1 day The Star-Studded Fund Backing Clean Energy Startups
  • 2 days The Unexpected Retail Segment On Track To Hit $68B
  • 4 days Oil Demand Falters On New Wave Of Lockdowns
  • 5 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 6 days Investors Should Be Worried About Tech Stocks
  • 8 days Battle For Market Share Intensifies In COVID Streaming War
  • 10 days Censorship Is Now Private, And That’s Scary
  • 13 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 14 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 15 days NYSE Reverses China Company Delisting Plans … For Now
  • 17 days The Dollar Could Remain Weak For Years To Come
  • 20 days The Simple Secret To Tesla-Like Gains
  • 21 days US-Listed China Stocks Have 3 Years To Become Transparent
  • 23 days $30,000 Is The New $20,000 For Bitcoin
  • 23 days Gold Slips Following Stimulus Announcement
  • 24 days Illegal Streaming Targeted In The 5,000 Page COVID-19 Stimulus Bill
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Joseph Russo

Joseph Russo

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating…

Contact Author

  1. Home
  2. Markets
  3. Other

OIL: As Good As It Gets

Barrels of Oil

In observing the enormous triple digit percentage gains achieved amid Crude Oil's northward thrusts versus its debilitating double digit losses during its major spills, it becomes rather clear why market participants prefer buying low in a newly forming bull market vs. selling short at the onset of a bear market.

On a relative basis, in the not too distant future, a cyclical bottom will form and the long-term trend in Crude will reverse to the upside - providing bullish speculators with yet another rare opportunity at the chance of humongous triple digit upside returns.

From an Elliott Wave perspective, the well-established secular trend dynamics in Crude Oil are rather clear. From a technical standpoint, this is as good as it gets.

Crude Oil Secular Trend

Following a massive 486% run-up, and after cresting at its Cycle-Degree wave V in 2008, the sudden and devastating crash of 08' wiped-out 75% of Crude's value. By mid-2011, just two years later, cresting at only $114 per barrel in that go-round, Crude registered a primary degree B-wave advance north of 200% above its 2008 low of $35.35.

Thereafter, trading in a choppy sideways range through mid-2014, Crude has since succumbed to its primary C-wave decline, which has taken it down to fresh new lows and another 75% wipeout from its previous peak at $114.

Since it is impossible to pinpoint and trade the precise tops and bottoms of each key pivotal Elliott Wave reversal, the only thing to do is attempt to trade and invest in the larger trends defined therein.

These rather elusive tradable-trends are quantifiably defined by a strict and specific set of conditional criteria that mathematically pre-determine when such trend changes are most likely to take place. Far from perfect, this trading and investment strategy is also as good as it gets - bar none.

Crude Oil Weekly Chart

Note how this prudent and unbiased investment strategy has automatically established both long and short positions, which are illustrated directly on the price bars over the last two years.

Also, note the resultant marginal losses and juicy percentage gains reflected in the lower month-to-date equity panel. The most recent short position established July 6, 2014 from a price of $56.42, as of the close on February 2, 2016 - is sporting another juicy gain north of 47%.

If you haven't noticed, we've pretty much stopped writing articles about the markets. Quite honestly, ... Click here to read the balance of this article.

 

Back to homepage

Leave a comment

Leave a comment