Market Overview

Technical Forecast for Gasoil

Technical Forecast for Gasoil


Gasoil September beat April highs at 940 & closed above here as we now look for a test of 944.50/00. We are very overbought so this could hold the topside today but a break higher in this recent uptrend cannot be ruled out and could target a selling opportunity at 948.50/949.


Good support at 937.50 but below here 394.75/50 should hold the downside today. However a break lower could target 932.50/25 before a buying opportunity at 930.75/00.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Commodities Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!

Pre-Market Global Review - 8/19/13 - Market Correlation Article Part 2 in Futures Mag

Technical Forecast for RBOB