Gasoline seems to be topping out. I was surprised that it exceeded the previous high actually.
Moomentum is slowing down, MACD and RSI showing divgernces with the price.
Expect price to retrace down by about 61% of the up move.
Target = 2.11
Moomentum is slowing down, MACD and RSI showing divgernces with the price.
Expect price to retrace down by about 61% of the up move.
Target = 2.11
Note
what a nice drop in gasoline last week. not sure if it is ready to come down just yet though.Note
boom, job done, gasoline dropped as expected, and already retraced up.expecting further upward retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.