…But does that mean that oil prices will only go down from here?
In this new interview with Elliott Wave International’s Chief Energy Analyst, Steve Craig, you’ll learn where he sees prices going next.
*Editor’s note: this interview was recorded on August 12; the price low cited in the video was broken on August 13.
Free Report: “Peak Oil” — And Other Ways Crude Oil Fooled Almost Everyone
These excerpts from Robert Prechter’s Elliott Wave Theorist highlight the flaws in the conventional approach to forecasting oil prices — and show you why oil fooled almost everyone.
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This article was syndicated by Elliott Wave International and was originally published under the headline (Interview) “The World is Awash in Oil”. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.