Market Overview

Technical Forecast for Gasoil

Technical Forecast for Gasoil


Gasoil unexpectedly beat 882.75/883.75 with resistance at 889.35 today. We should struggle here so watch for a high for the day but shorts need stops above 893 for a test of resistance at 898.
We are overbought so there is a risk of profit taking. A drift lower to support at 875.65/25 is possible but below here we should find a buying opportunity at 870/869 with stops below 866.50.

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Posted-In: Technicals Commodities Markets Trading Ideas


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