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Technical Forecast for Gasoil

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Technical Forecast for Gasoil
Gasoil for Aug made it to the target of 931 & we can continue higher for a move towards March/April highs at 935/936 today. A break higher cannot be ruled out and could target in this steady uptrend & could see 939 maybe 944 in to next week.
 
Look for support at 925/924 & a low for the day possible here but below here the 200 day moving average at 920.50 could off a buying opportunity. However a break lower risks a slide to 914.50/913.50.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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