The timing of commercials players trading Gasoline RBOB can be described as superb, with just one wrong signal since 2007. The COT Index possible bottom signal triggered this week, but before we jump in the trade there are some considerations of the actual scenario that need to be taken into account during our decision to take or not the trade.
I just read two...
The price of Gasoline Futures has recently returned to its normal range but the momentum of its recovery seems to be completely used up. The 50 SMA may have recently crossed over the 100 SMA, but both the MACD as well as the RSI look rather pessimistic, both indicating bearish divergence. I would be very surprised if the price crossed over the 200...
Gasoline futures (RB) is in ABC flat wave pattern from major bottom as shown in chart. Wave 3rd of C up is in progress and will be ending soon. After that wave 4 will be correct it down, which may be flat or triangle. On completion of 4th wave down, one more upward movement as wave 5 would be there on chart. Plz share your comments if you have any opposite wave count ?
With the fall of quarantine, road traffic is back and demand is rising accordingly, and gasoline prices are recovering.
Less manipulations than the Oil market, much safer trade instrument and good ROI. #Gasoline #RBOB
- Gasoline has paired some gains heading into the new week with it falling down to the 0.6570 level as we near the London open.
- Much of the pressure in lower prices has been due to the ongoing demand issues we are seeing within the United States, however, we have seen prices in recent week pick up from lows around mid-0.40 level.
- As of this week, however, we...