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Short

Easiest Oil Chart to READ

TVC:USOIL   WTI CRUDE OIL
43 0 1
WTI is +1500bps premium verse the point of control. At critical points of the trend 1/1 GANN is drawn.

Notice the 8-22-16 GANN price remains below ( bearish ) GANN 1/1, but above 8-03-16 Blue ( Bullish ) GANN 1/1. This will produce a BARR formation bump and run until a notable reverse is completed < Blue GANN 1/1. Physical market continues oversupply. For more analysis on oil             visit: http://stockboardasset.com/category/oilreport/
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