Technical Forecast for RBOB


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RBOB Gasoline made it back to 295/296 for a selling opportunity & topped exactly here. This trade worked perfectly & with the outlook turning more negative we could see prices continue lower today. Look for 291.00 then yesterday’s low of 289.75 before good Fibonacci & 200 day & 100 week moving average support at 288.80/00. We should see a low for the day & a bounce from here at this stage, but we do need stops below 287.00. A break lower could then target 285.65.

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Above 293.25 could allow another test of 295/296 for a selling opportunity with stops above 297. A break higher could then reach 299/300 for the next selling opportunity.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.