Gasoil reached the selling opportunity at 946/948 last week and topped exactly here as predicted. This trade worked perfectly as we hit our target of trend line support at 938/937 and bottomed exactly here. Today's outlook is still quite negative so below 935 meets good Fibonacci support at 933/932. This should hold the downside at this stage but below look for 100 day moving average support at 928/927.
Resistance at 947/948 is a selling opportunity again today, with stops above 950. A break higher is unlikely but if seen would target 955/956.
Weekly outlook: 946/948 did cap last week as predicted and could do so again this week. However a break higher targets 956 and possibly 965/967. Short term support at 933/32 then 100 day moving average at 927/926 before Fibonacci support at 923.