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Gasoil: Managed A Recovery

Published 03/19/2014, 06:17 AM
Updated 07/09/2023, 06:31 AM

Gasoil Weekly Chart

Gasoil April bottomed before reaching good support at 882/881 and managed a recovery, look to our first target of 892. If we can hold on above 892/891 we should push higher to 895/896 and perhaps as far as 899/900 for a selling opportunity, with stops above 903.

Failure to hold on above 891 keeps the market under pressure for 889 then a retest of 895/894 but being so oversold we can use this as a buying opportunity.

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