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...
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
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...
Lots of news that would push oil commodities higher and just looking at this from a technical standpoint of volume, price action; it looks like the bottom is nearly here give it 1-2 months.
the blue Zone represent an intense point, we can see how many times the market tried to break the S line on this Up trend.
so i think there is a good chance of an Upcoming Down Trend.
Any Thoughts On this One!!
Gasoline in the US has been trending lower and lower, now down 30% from its ATH. It hasn't filled the breakaway gap yet, but I think it will do so in the next few weeks, and that could be an excellent opportunity to go long in the short term.
Oil has filled the gaps and chopped at support for a while but is looking weak. What is strange is how supply is limited,...
Gasoline (RB1!) has been rising since the March 2020 bottom on a straight Channel until late February 2022 where war and inflation worries turned it parabolic as illustrated by the use of the Fibonacci Channel extensions. Following the June 06 market top, a Head and Shoulders (H&S) pattern was formed that hit (and so far rebounded on) the 1D MA200 (orange...
First of all, I used to always use CL1 as my main source of oil & energy. That measures Crude Oil futures. I think now is also an important reminder about the differences between Crude Oil futures and Gasoline Futures.
Before I really get started, let me say I am a big believer in new energy sources. I just don't think it makes sense to dig something up from the...
Type : Bullish Rise
Resistance : 3.4808
Pivot: 3.3401
Support : 3.2003
Preferred Case: On the H4, with prices bouncing off the ichimoku indicator and moving along the ascending trendline while the RSI is moving along an ascending trendline, we have a bullish bias that price will rise to the pivot at 3.3401 in line with the swing high resistance and 78.6%...
Type : Bullish Rise
Resistance : 3.3488
Pivot: 3.2843
Support : 3.1886
Preferred Case: On the H4, with prices moving above the ichimoku cloud and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 3.2843 in line with the swing high resistance, 50% fibonacci retracement and 78.6% fibonacci projection . Once there is upside...
Type : Bullish Rise
Resistance : 3.3488
Pivot: 3.2843
Support : 3.1886
Preferred Case: On the H4, with prices moving above the ichimoku cloud and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 3.2843 in line with the swing high resistance, 50% fibonacci retracement and 78.6% fibonacci projection. Once there is upside...
"Gasoline... breakfast of champions" - Joe Dirt
Consistent with our view of #Oil, gasoline shows us a beautiful bear wedge.
Are we all just expected to pay $4.50+ / gal of gasoline? This seems like a tall ask for the American consumer, considering prices are significantly elevated across most of the American ( & global ) economy.
Emerging markets getting beat...
Type : Bearish Momentum
Resistance : 3.6525
Pivot: 3.5009
Support : 3.1892
Preferred Case: On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will rise and drop from the pivot at 3.5009 in line with the overlap resistance to the 1st support at 3.1892 where the 61.8% fibonacci projection and...
