Gasoil shot higher than expected beating February highs at 941/942 to reach 947. A lot of Fibonacci resistance at 947/949 this week so we should struggle here again today. Try shorts with stops above 953. A break higher should target December highs at 957 then 4 month trend line resistance at 960 for a selling opportunity.
Immediate resistance at 939/940 so failure to get back above here targets good support at 935. A low for the day looks likely but longs need stops below 931 for a test of good support at 928. However, be aware if we continue lower we meet a buying opportunity at 100 day moving average and strong Fibonacci support at 924/923 this week.
