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TradingShot
May 12, 2022 2:45 PM

GASOLINE Buy the dip for the next 2 months Long

RBOB Gasoline FuturesNYMEX

Description

Gasoline (RB1!) has been supported by the 1D MA50 (blue trend-line) since January 2022 and after the most recent contact with the trend-line (April 07 2022), it has been on a strong rise.

This shouldn't surprise us as the 1D RSI has been printing the same pattern as the March - June 2021 period, when Gasoline formed a Channel Up supported by the 1D MA50. This suggests that every dip towards the Support should be bought until at least the end of July.



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Comments
Vibranium_Capital
Lovely
DeGRAM
Great job! Interesting view!
UnknownUnicorn15614419
Very professional work!
Solldy
It's amazing! I spent a lot of time today weighing the arguments for and against, but you were able to describe it much better. Thanks for the work, mate! I just hope you focus more on the volume of asset trades in your next posts.
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