Currently, FUEL is starting to enter a major support zone (yellow channel), however it remains to be seen whether it will bounce off the top or first descend to the lower level before resuming upwards; regardless, a surge is to be expected, we just don't know which of the two cases it will be. Indicators confirm this, as we're nearing the bottom (oversold on both) but are not quite there yet. Buy zone is the lower half of the support zone (white channel) for the latter case; if we get confirmation by means of a signal in the near future, we might see the former scenario play out instead.
Comment:
And we're up boys! Now, to break through the resistance...