RB2!

Cincinnatuus

The RBOB Gasoline is in a Bear Market Rally with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The 50 week ema is currently slightly up trending, but by and large the long term emas are mostly flat. This implies an accumulation/distribution zone. The intermediate term Elliott Wave requires a rally above 1.7785 to...

JohnBaron Updated 

Entering holiday weekend and hurricane after effects, we should see a few weeks of significant draw downs in inventory.

Genghis Updated 

Think something like this could play out

Genghis Updated 

Hoping on a dip below 1.40 to get long. Longer term seller above 2.80.