Pattern: Channel Up on 1D. Signal: Bullish if then price pulls back near 1.8900. Target: 1.9800 (projected Higher High of the pattern).
This is a long term analysis on Gasoline on the 1W chart. We are trying to determine where this aggressive buying sequence that started at the end of December will stop. The previous similar sequence stopped just below the 0.618 Fibonacci retracement level. Then it bottomed just under the 0.500 level and consolidated before it resumed the uptrend. We expect a...
No long explanation here, a rising channel in gasoline which will break to the downside so we are not yet cleared for bull trend just yet, same goes for crude oil as gasoline market trails crude, though sometimes ahead of crude in movement. HELPFUL VIDEOS TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be...
Two bullish patterns: Rising Wedge on 1D, Potential Channel Up on 4H. TP in both cases = 1.4690.
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.
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...
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
Rally into bad weather coming this wkend...
There are three if/else statements with this trade. If price fills the gap set on December 2nd and shows signs of buying, go long. Else, stay flat and wait. If price reaches purple region as indicated in chart, go short. Else, stay flat. If price reaches "Buy Here" level, buy there. - Odds are we will see some action in this trade as long as price does...
Buy crude oil, sell the 3:2:1 crack spread. The hard part is the ratio you should use.
Hoping on a dip below 1.40 to get long. Longer term seller above 2.80.