Gann and Oil

Crude oil futures

THE RIGHT TOOL FOR THE RIGHT JOB

Today this pattern played out as it does every day. Pictures is a 15 minute chart of crude oil futures. The blue lines are projections of support and resistance drawn before the trading session using the correct Gann tool. Basically we buy the bounces on the 45 degree marks and sell on the next penetration. Oil sctually seems headed to the 100 + 200 day moving average conjunction, so we’ll look at another bounce there.

Most Gann tools commercially advertised do not work consistently because they are incorrect or used in the wrong manner. Once you unlock the key to Gann, all of his tools are indispensable.


DISCLAIMER: The examples above are given as demonstrations of technical analysis and are therefore hypothetical and not actual trades. They do not represent actual account results nor include the entirety of all predictions we make.

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