United States Gasoline Fund LP
TimeFibs of the cycle 0-1. Consider the golden ratio of the time. Note that previous time Phi reversed the market. Let's see how the market reacts to 1/ Phi (1.618) Fibonacci is the order in chaos like a language of fractal. Dates of TimeFibs ratios as well as time periods are provided. 1.618 AT 6 OCT '22 Fibonacci channels Cover the Fractal Configuration of...
After a turbulent 2022, there will be a lot of factors affecting the investment market in 2023. I have picked three most important ones to talk about. • When will Fed stop hiking rate? • Will there be a global recession? • How could China’s reopening impact the market? When will Fed stop hiking rate? I respect Fed’s pivot table showing Fed Fund Rate will go up...
HELLO GUYS THIS MY IDEA 💡ABOUT RB1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Demand is down because inflation is up and people are driving less to make up for the cost. Trend regression channel since Nov 04, 22 Entry 2.15 SL 2.21 TP 1.93
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....
Gasoline futures on the rise again as things heat up across the oil markets. Bullish Cypher with a type 2 confirmation low. Bullish divergence on the MACD, with a inverse head and shoulders style reversal on the RSI. A common retracement here would be between the 382 and 618 at 2.91 - 3.40
Daily RB analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
The RB1! Bollinger Bands bandwidth has narrowed to the narrowest width in 11 months as can be seen via the BandWidth indicator. Such a collapse in volatility usually precedes a volatility breakout in either direction. A Bollinger Band squeeze, which is a type of volatility breakout setup, is triggered when the bandwidth puts in a 6-month low which is a condition...
As someone who works in industry with large consumption of diesel fuel, we are very concerned and interested in fuel. This past few weeks while gasoline is dropping, diesel fuel is in a price similar to the beginning of Ukraine war. So when will prices go back to "normal"? As you can see in the included image, relative price between gasoline and diesel is very...
RB1! by itself doesn't like to follow retracements. That is because it is not normalized with dollar strength. After all, gasoline consumption is highly affected by the strength of the average salary. Also take a look at where we landed. Crude and its products show strength during the last weeks. The point we are testing is not a random point, as the standard RB1!...
I have stated in previous ideas that stonks vs commodities are gonna lose big time. And this is more clearly observed comparing the main indices with something of value (like silver) to compare this century with the last one. Silver is used because gold used to have a relationship with USD. Now we normalize RB1! by multiplying it with DXY. This calculates the...
Daily RB analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Daily RB analysis Sell trade with target and stop loss as shown in the chart The trend is down and we may see more drop in the coming period in the medium term All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Hello friends. Gasoline has come crashing down, and commodities have only fallen about half as much. Because the major price in producing most commodities aside from labor is gasoline, it makes sense that the price of commodities will follow the price of gasoline quite well. However, there is a lag effect. It seems to take quite a few months from the point when...
Wholesale gasoline futures could be telling us that the driving demand is bad and just not there to support these high prices. War and geo politics is pushing Crude Oil prices up as well as the heating related products, but gasoline is trading on its own forces currently. With the rejection at around 4.00 a gallon, is the support here or are we destined to look...
Consumers have proven to be more sensitive to price than previously predicted