Description
⋅ Gasoline seems to be topping out. I was surprised that it exceeded the previous high actually.
Moomentum is slowing down, MACD and RSI showing divgernces with the price.
Expect price to retrace down by about 61% of the up move.
Target = 2.11
Comment
⋅ what a nice drop in gasoline last week. not sure if it is ready to come down just yet though.
Comment
⋅ boom, job done, gasoline dropped as expected, and already retraced up.
expecting further upward retracement.