Americans could breathe a sigh of relief with gas prices set to be more affordable this year. US gas prices hit their highest 52 Weeks in August and September ahead of Labor Day, with the national average standing at $3.82 a gallon FRED:GASREGW , per AAA Gas Prices . Gasoline prices hit summertime levels in over a decade even as the driving season comes to a...
Target would represent a 25% gain in the ETF. Wait for the breakout, then pounce
Gasoline futures have dropped to a five-week low of $2.6 per gallon, primarily due to an unexpected increase in inventory and a decline in demand. Recent data from the Energy Information Administration (EIA) indicates a decrease in gas demand from 8.936 million to 8.519 million b/d last week. Moreover, the total domestic gasoline stock has increased by 1.3 million...
Gasoline Futures is very near the PCZ of a Bearish 5-0 but is actually showing a very notable amount of weakness at the 0.382 and is Bearishly Diverging if this keeps up we will see Gasoline Breakdown out of the Bearish Consolidation and probably go back to pre-2020 Levels.
This is kind of an extension to the US Crude-Oil Bearish Bat trade from the other day; So we have a Bear Flag on the Gasoline Futures chart and we seem to be confirming a Break Hook and Go that has room to take us to $2.00 if it holds.
Choppy choppy go the gas prices...and now a new gap to fill....
Lots of news that would push oil commodities higher and just looking at this from a technical standpoint of volume, price action; it looks like the bottom is nearly here give it 1-2 months.
3 months to midterms! Which is it? Decline/stagnation, or we pop back up to that 3.25 gap and keep pump prices well over $4?
the blue Zone represent an intense point, we can see how many times the market tried to break the S line on this Up trend. so i think there is a good chance of an Upcoming Down Trend. Any Thoughts On this One!!
People think oil just went to "record high prices". But this is a perspective that has been distorted by money supply growth. It's also targeted propaganda specifically to make you think and HOPE that it won't go any higher. If you account for money supply growth, you get a sideways chart. Not a coincidence. Good luck and hedge your bets
In the chart is the M2 adjusted price of gasoline matched to the current price. It measures the portion of total dollars it would take to purchase a gallon of gasoline. Essentially it's a chart of dollar strength in gasoline terms. Chart up = strong gas, weak dollar. Chart down = weak gas, strong dollar. The white trendline in the center is the longterm linear...
The SPR release was a non-event, why would it be. Less asphalt is preferable. Heavy Sours are not ever going to relieve Price. The exception is DOT projects. _____________________________________________ April to June as the Flip for unleaded fuel production. Refineries lead this transition and switch over to summer- blend production in March and April. In...
Trend Analysis The main view of this trade idea is on the 4-Hour Chart. Gasoline futures (RBOB) appears to be in a bearish flag pattern setup. The pole of the flag can be seen from the sharp decline from 2.55 highs to the initial low at 2.31. Then RBOB began to gingerly channel lower and is currently retesting the 2.31 support level. If RBOB breaks below that...
chart is clear - harmonic pattern - sharp move needs correction, 0.382 - 0.5 ....... - volume rsi divergence
In_Flay_Shun - EX - Food & Energy isn't working out too well. Unleaded Gasoline: The Trend it is said - IS Your Friend October 25, 2021 3.476 October 18, 2021 3.416 October 11, 2021 3.36 October 04, 2021 3.285 September 27, 2021 3.271 September 20, 2021 3.28 September 13, 2021 3.262 September 06, 2021 3.273 August 30, 2021 3.237 August 23, 2021 3.243 August 16,...
Put away those Oklahoma Credit Cards, Gasoline Prices appears set to soften. Rallies post 13th August have Bear Market characteristics. Subtle though market is also making lower highs. *Short ideas are SELL ideas only, don't support outright short selling.* Peek the detailed breakdown notes in the high def chart links below : NYMEX:RB1! AMEX:UGA
Corn probes above $6 for the first time since 2013 Farmers will favor beans Keep an eye on gasoline and ethanol prices Corn continues to pop going into the planting and growing seasons- It’s all about the weather Backwardation as the market has high hopes for 2021 output In late April 2020, the corn price fell to its lowest level since 2008 when the...
bearish rising wedge, lets see