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Gasoil: Resistance At 899/900

Published 03/26/2014, 05:18 AM
Updated 07/09/2023, 06:31 AM

Gasoil Weekly Chart

Gasoil held 892/891 to climb back up to resistance at 899/900 and with today's outlook more positive we could see a break above 904 to target 908/909. A good chance of a high for the day but a break above here cannot be ruled out and could target 915/916.

200 week moving average support at 896/895 then 892/891 which should hold the downside. However below here adds pressure and risks a retest of support at last week's low of 885/884. Use this as a buying opportunity with stops below 883. A break lower4 could then target 876/875 this week.

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