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Technical Forecast for Gasoil

Technical Forecast for Gasoil


Gasoil hit profit taking breaking 875.65/25 as we close in on our target of 870/869. This could be a buying opportunity so maybe exit shorts & try longs with stops below 866.50. A break lower then target 864.65 then 861.15/860.50 for another buying opportunity with stops below 859.50.
If we hold above look for a test of resistance at 875.65 & a high for the day possible but above here we should see 878.63.

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Posted-In: Technicals Commodities Markets Trading Ideas


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