Fast Rises Yield Fast Falls

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Crude Oil: FAST RISES YIELD FAST FALLS

NEW UPDATE: 8/31/15

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[private_GANN TRADING GROUP]

CRUDE OIL: FAST RISES YIELD FAST FALLING PRICES

cl2As this is a fast moving market presently, this post will be short and informative:

Long positions in Crude Oil, as mentioned a few day’s back, are going to be very short term positions it appears. The momentum angle for price rise is characteristic of very short-term trends only.

Here’s the present chart for Crude Oil as of this posting time.

cl1It’s obvious that such a rise in price in so short a time period needs to be absorbed into the market over some time.

A day is simply not enough time for this to take place.

Watch for a sharp reversal in Crude Oil as part of either an absorption period or a complete break to lower lows. – George

[/private_GANN TRADING GROUP]