leoohermoso

GASOLINE RBOB - Possible top

Short
NYMEX:RB1!   RBOB Gasoline Futures
I already told, here in this blog, dozens of times how powerful this signal is. You can check here how and when it triggers. Checking the chart for gasoline rbob, you will see how effective this was last time it gets activated. This is the second week in a row we have this signal poping in the cot tool, and from the last signal to now the instrument already moved 10 USD down. More to come!

You will see in the second chart that this is the biggest long position held by the big speculators. So we have a clear exhaustion of buying power(check explanation), a major drop is expected!

In the third image, you will see big speculators positioning organized from biggest to lowest.

Check the post here

leohermoso.com/forex...chf-gbpjpy-gasoline/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.