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Gasoil Good Support At 928/927

Published 12/12/2013, 05:22 AM
Updated 05/14/2017, 06:45 AM

Gasoil giving the 100 day moving average support at 929/928 a good test but just holding on here. Immediate resistance at 933/34 did hold a move higher as expected but above here sees 937/938 for a selling opportunity today with stops above 940. Next selling opportunity at 943/944 with stops above 945.

Good support at 928/927 could hold the downside again so we can try longs for the second time with stops below 926. Below 923 adds pressure & targets 919/918 for a bounce. However go with a break below 916 for a buying opportunity at 911.
Gasoil
Weekly outlook: 949 capped most days last week & could do so again this week. However a break higher targets 956 & possibly 965/967. Short term support at 937/935 then 100 day moving average at 929/928 before Fibonacci support at 923.

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