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RB - US Gasoline Futures to Decline due to Lower ConsumptionNYMEX: RBOB Gasoline Futures ( NYMEX:RB1! ) WTI crude oil futures declined 13.4% since the beginning of the year. It dropped as much as $20 from the mid-January peak of $80 a barrel, before recovering to $64 last week. In my commentary on February 11th, “Reversal of US Energy Policy Could Push Crude Oil Lower”, I described the main reasons behind the oil market correction: • US oil production will rise, benefiting from the new energy policy by President Trump as “Drill Baby Drill” • OPEC+ to increase crude oil production, ending its voluntary production cuts • Threats of Tariffs could curtail global oil demand First, on March 31st, the U.S. Energy Information Administration (“EIA”) reported that U.S. field production of crude oil reached 13.146 million barrels per day (mb/pd), up 592 mb/pd or +4.7% from the year-ago level. This is the highest January production level since 1920! Second, on April 3rd, the OPEC+ members met and decided to end the voluntary production cuts, gradually bringing back 2.2 mb/pd additional supply to the oil market. Third, Reciprocal Tariff has brought the container shipping industry to its knees. MSC, Maersk, CMA CGM, and Hapag-Lloyd, which ferry goods for retail giants like Walmart, Target, and Home Depot, have seen sharp declines in booking. The tariff uncertainty caused many importers to cancel their orders. This could cause major consequences. According to Statista, about 71% of the items sold on Amazon were sourced from China. The procurement for Christmas-season products has already begun. Without a US-China trade deal, US consumers could expect fewer gift options at higher prices. Inflation could rebound sooner, as merchants deplete their inventory and face a supply shortage. This could hurt gasoline demand. On the one hand, higher shopping costs cut into consumer spending budget; on the other, fewer deals at retailers discourage shoppers from taking a trip. On April 18th, American Automotive Association (“AAA”) reported that national average price for regular gas was $3.182 per gallon, down 14% from the year-ago level. On April 19th, RBOB gasoline futures quoted $2.0839 per gallon, up 1.8% year-to-date. This contrasts sharply with the down trends in the spot market and the oil futures market. The April EIA Short-Term Energy Outlook (“STEO”) report states that U.S. retail price for regular gasoline averages $3.10 per gallon in its forecast for this summer (April–September), about 20 cents less than the previous forecast in March. The lower price forecast mostly reflects the expectation of lower crude oil prices. If realized, the forecast gasoline price would be the lowest inflation adjusted summer average price since 2020. In my opinion, gasoline prices could stay relatively high during the peak summer driving season. After that, Gas prices could turn significantly lower through the end of the year. Commitment of Traders shows bearish sentiment The CFTC Commitments of Traders report shows that on April 15th, total Open Interest (OI) for NYMEX RBOB Futures is 418,277 contracts. “Managed Money” (i.e., hedge funds) own 52,114 in Long, 36,615 in Short and 47,628 in Spreading positions. • While they maintain a long-short ratio of 1.4:1, hedge funds have reduced long positions by 5,198 (-9%) while increasing short positions by 6,021 (+14%). • This indicates that “Smart Money” is becoming less bullish on gasoline. Trade Setup with RBOB Futures If a trader shares a similar view, he could express his opinion by shorting the NYMEX RBOB Gasoline Futures ( CSE:RB ). RB contracts have a notional value of 42,000 gallons of gasoline oil. With Friday settlement price of $2.0149, each September contract (RBU5) has a notional value of $84,626. Buying or selling one contract requires an initial margin of $5,840. Hypothetically, a trader shorts September RB contract and RBOB prices drop to $1.90. A short futures position would gain $4,826 (= (2.0149 – 1.90) x $42000). Using the initial margin as a cost base, a theoretical return would be +82.6% (= 4826 / 5840). The risk of shorting gasoline futures is rising oil and gas prices. Investors could lose part of or all their initial margin. A trader could set a stop loss while establishing his short position. In the above example, the trader could set stop-loss at $2.10 when entering the short order at $2.0149. If gasoline price continues to rise, the maximum loss would be $3,574 ( = (2.10 – 2.0149) *42000). Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:RB1!Short
by JimHuangChicago
Gasoline Inventories Fall Despite Weak DemandDeclining Gasoline Stockpiles and Market Adjustments U.S. gasoline inventories decreased by 1.4 million barrels last week, bringing total stockpiles 1% above the five-year seasonal average. This decline occurred despite relatively weak demand growth, indicating that refiners are actively adjusting supply to prevent excessive buildup. Over the past four weeks, gasoline consumption has averaged 8.4 million barrels per day (bpd), reflecting a modest 0.9% increase year-over-year. While this suggests a slight recovery in demand, the overall pace of consumption remains subdued compared to historical seasonal trends. Consumers have yet to show a strong rebound in gasoline purchases, possibly due to economic uncertainty, shifts in commuting patterns, or improving vehicle fuel efficiency. Refinery Output and Pricing Trends Refinery production of gasoline rose to 9.6 million bpd, signaling refiners' efforts to maintain a stable supply balance. Despite this, retail gasoline prices continued their downward trend, falling to $3.078 per gallon, marking a decline both on a weekly and yearly basis. The drop in prices reflects a combination of steady production levels, lower crude costs, and moderate demand growth. While gasoline inventories are currently declining, their position above the five-year average suggests that refiners have room to adjust supply if consumption remains weak. The seasonal transition to summer-grade gasoline may introduce additional fluctuations in pricing and availability, making upcoming refinery utilization rates a key factor to monitor. Market Outlook and Investment Considerations Refinery stocks such as Marathon Petroleum ( NYSE:MPC ) and Phillips 66 ( NYSE:PSX ) may experience margin adjustments as gasoline demand evolves. Meanwhile, RBOB gasoline futures ( NYMEX:RB1! ) could remain under pressure unless demand picks up or crude prices provide upward momentum. The decline in gasoline inventories, coupled with weak demand growth and falling prices, suggests a period of relative stability in the market. However, seasonal factors and refinery adjustments could introduce new price movements in the coming weeks.
TOCOM:THU1!
by igorisaev
GASOLINE Huge rebound expected on the 1D MA50.Gasoline (RB1!) is on a corrective sequence in the past 2 weeks as it got rejected on the 1D MA200 (orange trend-line) and is about to test the 1D MA50 (blue trend-line) as Support. Having a previously overbought 1D RSI (>70.00), this pull-back is similar to January 29 - February 02 2024. The buy signal will be given once the price breaks above the 1D MA200. Since the previous fractal peaked marginally above the 0.786 Fibonacci retracement level, we will target this time marginally below it at 2.600. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot
Gasoline - Continuing the up-trend as following!Hi guys , we are looking into today RBOB or Gasoline, the price formulated an amazing up-trend since we last posted about it, so we are looking to re-test the upper levels again. After the price consolidates around the 2.19-2.20 mark we will analyse again and see what would be the next move! Entry: 2.12 Target: 2.15 Target: 2.19 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
NYMEX:RB1!Long
by DG55Capital
RBOB post tariff structure and range to take advantage of!Hi guys today we are starting off with RBOB , which has been quiet for the past month and it has been trading in a structured range between 2.05 as a high resistance and 1.92 / 1.94 as strong support. As of today we are currently sitting at the given support line of 1.92 and the latest news which came from President Trump that he will impose tariffs on Canadian and Mexican Imports , which would probably impact and touch the Oil Industry. The U.S. imports 4M barrels of Crude Oil every single day from Canada and around 900-1M barrels of Oil Crude Oil from Mexico. These tariffs would definitely touch the consumer as a long term which would give us a boost into the overall demand / supply play around the prices of Petroleum Products. Current entry RBOB (Gasoline) 1.9300 entry level, with two separate targets. Target 1: 1.9755 Target 2: 2.0310 The strategy can be repeated after the targets are touched with a patient retracement of the lower support line and input similar targets.
NYMEX:RB1!Long
by DG55Capital
Gasoline, is more likely to bottom soon. GASOLINE / 1D Hello Traders, welcome back to another market breakdown. GASOLINE appears to be attempting to establish another low. A breakout above critical resistance levels could indicate a potential continuation of the upward trend. However, the price is currently consolidating within a range. Therefore, rather than entering at the current levels, it is advisable to wait for a breakout followed by a pullback into the breakout zone for a more calculated and strategic entry. Maintain discipline, allow the market to align with your strategy, and approach trades with confidence. Trade safely, Trader Leo.
NYMEX:RB1!Long
by BTM-LEO
2
GASOLINE sits 4 straight months on the Support. Expect reboundGasoline (RB1!) has been trading on the 4-year Support Zone for 4 straight months, forming a confirmed technical bottom. The September 09 Low was also on the Lower Lows of the long-term Falling Wedge, which makes the probabilities of a rebound even stronger. At the same time, the 1W RSI bounced from oversold territory (below 30.00) and has stabilized back above its MA trend-line, confirming a bullish reversal. In addition, the 1W MACD just formed a Bullish Cross, with the previous 2 such formations since January 2023 aligning with the Wedge's Bullish Legs. The previous Lower Lows bottom reached marginally above the 0.786 Fibonacci retracement level. As a result we remain committed to our long-term Target of 2.600 (below also the Lower Highs trend-line), which we expect to get hit within the next 4 months. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot
1
GASOLINE: Turned bullish on 4H as the MA50 held.Gasoline turned bullish on its 4H technical outlook (RSI = 56.424, MACD = 0.010, ADX = 32.938) as it rebounded strongly on the 4H MA50. The overall pattern looks very much like the October 2nd 4H MA50 rebound, which rose to almost the 2.0 Fibonacci extension. That is our Target (TP = 2.1650), just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:RB1!Long
by InvestingScope
GASOLINE Bottom confirmed. 3-month rally ahead.Gasoline (RB1!) formed a confirmed technical bottom on the 3.5-year Support Zone and the Lower Lows of the Falling Wedge. At the same time, the 1W RSI bounced from oversold territory (below 30.00) back above its MA trend-line, confirming a bullish reversal. The previous Lower Lows bottom reached marginally above the 0.786 Fibonacci retracement level. As a result we remain committed to our long-term Target of 2.600 (below also the Lower Highs trend-line), which we expect to get hit within the next 3 months. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot
1
Smart Money Positioned to LONG RBOB - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy Long (RBOB) My COT strategy has me on alert for long trades in RBif we get a confirmed bullish change of trend on the Daily timeframe. COT Commercial Index: Buy Signal Extreme Positioning: Commercials max long of last 3 years - bullish. Small specs max short of last 3 years - bullish. OI Analysis: Multi week down move has seen OI increase. When OI increases, we need to ask "who is causing the OI increase?". In this case, OI is increasing as Commercials add to long positioning, which is bullish. ADX: Paunch forming (but not confirmed until ADX rollover). This is a significant "end of trend" indication. Front Month Premium - bullish. COT Small Spec Index: Buy Signal Supplementary Indicators: %R & Stochastic Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside. Good luck & good trading.
NYMEX:RBV2024Long
by Tradius_Trades
GASOLINE Do-or-die moment before total collapse.Gasoline (RB1!) is approaching not only the Lower Lows trend-line from the December 12 2022 Low but also the Support Zone that has been in effect in the past 3.5 years. Naturally, this is the most critical Support Cluster of all, if the market is avoid a brutal sell-off in the coming months. That will be if Gasoline closes a month below the Support Zone. Until then, this is its last chance to stage another multi-month Bullish Leg similar to those of early 2023 and early 2024. As long as the Support Zone holds then, we will target 2.6000, which is below the 0.786 Fibonacci retracement level as well as the Lower Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot
RBOB Gasoline - COT & Fundamental Backed Long Trade SetupDISCLAIMER: This is not trade advice. This is not a recommendation to take a trade. This is for purely educational purposes only. RBOB (Gasoline) is "Set Up" for Longs. This does not mean I am longing this blindly right now. The tools that I am using to formulate this trade idea are not timing tools. We use technical entry techniques to time our entry. Lets get to it. Commercials are extremely long this market. The last time they were this long was in 2010, which just so happened to preclude a massive bull move in RBOB. When Commercials are at a significant extreme, we want to pay attention. Small speculators are very short. In fact, they are more short than they have been in the last 3 years. The public is generally wrong, and we want to fade whatever they are doing. Advisor sentiment is very bearish, which is actually bullish. If the advisors are telling all their clients to Sell gasoline, who is left to sell? For weeks, OI has been decreasing while Commercials have added to their long positioning. If the public and large speculators are not interested in this market, while the commercials are getting heavily long, this is bullish and indicates this market is ready for a bullish move. Cyclically, we get a bit of a mixed bag. The decennial pattern is supportive of some upside soon, and the annual cycle is supportive of a major low in September.
NYMEX:RBU2024
by Tradius_Trades
GASOLINE Strong buy opportunity.Last time we looked into Gasoline (RB1!) was exactly 2 months ago (June 06, see chart below) and the price action gave us the most optimal buy opportunity on the 0.618 Fibonacci level and hit straight on our 2.6000 Target: Since then, Gasoline declined aggressive along with most of the energy sector and even broke below the 0.618 Fib on Monday. This however is technically the ideal long-term buy entry as not only the dominant pattern remains a 2-year Channel Down but also in symmetrical terms, it appears that the price action may be on similar levels as the June 23 2023 Low. As a result, we turn bullish on Gasoline again, targeting the Internal Lower Highs trend-line at 2.7500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot
1
GASOLINE Medium-term buy opportunityGasoline (RB1!) has been on a strong Bearish Leg ever since the April 12 High, which is a Lower High for the 2-year Channel Down, and even broke below the 1D MA200 (orange trend-line). Having already touched the 0.618 Fibonacci retracement level, we expect a medium-term rebound, similar to the one on May 04 2023. The rally not only hit and broke above the 1D MA50 (blue trend-line) but also extended as high as the 0.236 Fib. As a result, we consider the current level to have a solid R/R behind it and buy, targeting 2.600 (just below the 0.236 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:RB1!Long
by TradingShot