US Crude Oil Settles Lower at $96 After Rapid Selling , TRADING ROBOT'S MADE THE SCAPE GOAT THIS TIME ?

Oil prices plunged more than $5 in a few minutes on Monday afternoon as volumes spiked in a rapid sell-off, sending Brent crude crashing through technical support as markets sought an explanation for the plunge. 

 Brent crude oil [LCOCV1  113.50    -3.16  (-2.71%)   ] sank from $115.20 a barrel at 1:52 p.m. in $111.60 three minutes later as trading volumes — which had been muted by the Rosh Hashanah holiday — shot up. Brent crude later pared losses to settle $2.87 lower at $113.79 a barrel.

 It was not immediately clear what caused the crash, but traders said it could have resulted from a problem with a computer trading program. 

TRADING ROBOT'S MADE THE SCAPE GOAT THIS TIME ? 

  CME Group, the parent company of the New York Mercantile Exchange, said it was not immediately aware of any technical issues that might have triggered a sharp sell-off in U.S. crude oil futures on Monday afternoon, a CME spokesman said. 

 "I've been doing this for 14 years and that's the fastest move I've ever seen,'' said John Gretzinger, an energy risk manager at INTL-FCStone in Kansas City. "I think it was too fast to be anything but HFT (high-frequency trading) or other logos. We just don't know right now, but that's my gut feeling.''

Protests continued over a film mocking the Prophet Mohammad that has unleashed a wave of anti-Western sentiment in the Muslim and Arab region, keeping worries about disruptions to oil supplies in focus.

"Any breakdown in law and order in the Middle East or North Africa is potentially bullish for oil as it could impact on production," said Olivier Jakob, an energy market analyst at Petromatrix in Zug, Switzerland. 

OF'COURCE  WE ARE IN A NEAR TERM  BULLISH TREND ...(so we are immediately bouncing back sharply From dips , operation flush out) BUT THE CORRECTION WAS MUCH NEEDED ...AS WE ARE IN LONG TERM BULLISH TREND & THE GAP FILLING WAS NECESSARY FOR PRICES TO MAKE A  HIGHER HIGH TAKING OUT THE RECENT / PREVIOUS HIGH ''WTIC  $115'' &  TARGETING HIGHER  $123...

TECHNICAL BOYS & TRADER'S LATE LONG OR  SO CALLED DISCIPLINED POSITIONS AS PER TREND & TECHNOLOGY GETTING THEIR STOP'S HIT ACCORDINGLY ?

Let's call it 

 '' From Obvious to Reality'' or ''Trading Thoughts'' ?

''When the prices need to RISE whatever the news , fundamentals , Technical Indicators signals are ... Markets takes it as positive ...When Needs OR due for a Correction .. The Positive Out come will Also be taken as Negative By the Markets''

THIS IS HOW THE MARKET'S WORK !