Crude Oil Short-term & Gold Follow-up . . .

A sharp upswing in CRUDE OIL took place in the early NY morning session. The 'Fibonacci Trends' Trading Technique created a BUY Signal early in the turn as shown on the chart below . . .

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CRUDE OIL Intraday Trading Signals Using the 'Fibonacci Trends' approach.

This Trend was still underway at the Close of the NY Session.

What comes next for CRUDE OIL? Well, the same technique that brought us here is still in play. It would take a closing price below $69.50, (with most of it's hourly range below this price), to persuade that the present short-term uptrend was over. Until then, I'm looking for higher prices in CRUDE OIL.

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And, now to follow-up on our GOLD signals on the very short-term (intra-day-to-next day) trends.

The 'Fibonacci Trends' Method gave both an exit and Long entry signal around 7 P.M. last evening. This trend has continued through today up until the time of this posting. As mentioned earlier, the previous Short trade gave a hypothetical $1,000 profit potential. At present, the potential is at $300 and counting.

GOLD Intra-day Trading Signals Using the 'Fibonacci Trends' approach.

What comes next for GOLD? The Long entry side is still holding up until the time of this posting, but, a reversal point is hovering close by at around $1211. Remember: The Major Trend is DOWN, so, lower prices shouldn't alarm you, but, should be expected as part of the price process. Be ready. - George