Two bullish patterns: Rising Wedge on 1D, Potential Channel Up on 4H. TP in both cases = 1.4690.
WE CAN SEE A DOUBLE BOTTOM ON H4. LET'S WAIT AND SEE WHAT HAPPEN.
Gasoline Futures (RBOB Gasoline Futures) likely counter trend bounce here off 200weekSMA support at $1.66 to reclaim long-term moving average support of 50monthSMA at $1.70, then rally to test 100weekSMA resistance at $1.80. Technical Analysis: - Gasoline Futures (RBOB Gasoline Futures) now testing long-term support of 200weekSMA at $1.66. - $1.66 also strong...
Looks like the price will remain in this channel until the end of the year, look out for confirmation of the long movement, then short when you get confirmation of the movement down from the top. Hit like if you agree. Follow for more forecasts like this.
My Cristal Ball say for monday: The active opens, it goes up, it goes to average, falls under the previous minimum, and go to the Gap below.
Gasoline is trading sideways within a 1.9950 - 2.1890 Rectangle on 1D. The neutral 1W RSI = 47.963, ADX = 14.795 but most importantly its High Volatility (ATR = 0.1150) should keep the sideways trade intact. We are long, TP = 2.1295.
Same strategy as the related ideas below. Currently reading a long signal. Is that because Winter is approaching in the northern side of the sphere? Strategy Refer to BTCUSD and TRNUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins. Summary: All indicators must cross to give a strong buy/sell signal...
The white fork gives us the most probable path of price on a longterm scale, it's up. The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline. The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork. This...
All explained on the graph. My predicted outcome GOLD: GAS SILVER: NEO BRONZE: SHCOMP
The chances are you’ve heard about NEO, often dubbed the Chinese Ethereum. Like its predecessor NEO is designed to act as a smart contract platform and has aim of trying to create the smart economy. Unlike Ethereum, NEO is actually comprised of two separate tokens, NEO and neoGAS (GAS). Both are fantastic long term investments but which is the better 6 month...
Keep eyes on the price of Gasoline, this could trigger a stock market contraction and recession as discretionary capital is sucked into gas higher prices. Gasiline is trending above the 50 and 200 MAs, it is signalling over bought now however.
Everything is mentioned in the chart Best of luck
This spread is now on the radar but waiting to see thing settle down a bit in Texas. So will be ready to act when refiners come back on line or if we push to a crazy extreme
Hoping on a dip below 1.40 to get long. Longer term seller above 2.80.
Gasoline prices to be volatile ahead of Trump conference: McKnight Roger McKnight, chief petroleum analyst, with En-pro International joins BNN for a closer look at gasoline prices across Canada. He says that gasoline prices will reflect Trump coming into office and news from OPEC.