Gasoil overbought but holding support at 941/940. However we could continue lower today to support at 936/935 which should hold the downside but longs need stops below 932. Next support at 100 day moving average at 929/928.
Immediate resistance at 947/948 then the high this week at 953. We are overbought so we should halt within this band again today. However be ready to go with a break higher for 955/956 & perhaps as far as a selling opportunity at 964/965.
Weekly outlook: 946/948 did cap last week as predicted & could do so again this week. However a break higher targets 956 & possibly 965/967. Short term support at 933/32 then 100 day moving average at 927/926 before Fibonacci support at 923.