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

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

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.

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.  

*****

One tool that many traders find helpful in evaluating the markets’ internals is Elliott Wave Theory. Elliott Wave International is offering readers a free trading eBook put together by its senior analyst, Jeffery Kennedy. The eBook contains practical trading lessons which may help you trade any market with more confidence. According to EWI, 

This complimentary 32-page collection entitled Commodity Trader’s Classroom (valued at $59) provides you with essential lessons no trader should be without.

Here’s what the eBook covers:

  • How to Make Yourself a Better Trader
  • How the Wave Principle Can Improve Your Trading
  • When to Place a Trade: Jeffrey’s very own "Ready, Aim, Fire" approach
  • How to Identify and Use Support and Resistance Levels
  • How to Apply Fibonacci Math to Real-World Trading
  • How to Integrate Technical Analysis into an Elliott Wave Forecast
  • And much more!

Learn more and download your copy of Commodity Trader’s Classroom now.


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Click here to see some testimonials from our members!