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.