#Gasoline RB_F RBOB futures bottom close here at $.54 as gasoline crack spread (difference between spot price of crude oil & gasoline) looks to be bouncing from lows.. Hourly chart showing capitulation volume & bullish RSI divergence suggesting downtrend weakening UGAUSOVLO - Twitter Post Cashflo @ 10:53AM CST
There it is.. #Gasoline RB_F RBOB futures likely long-term bottom here @ $.46 with massive capitulation volume & hammer candle rally back over $.50 or UGA $8.80.. Expect gasoline futures upside rally to backtest 10dayEMA @ $.80 spot price or $14 UGA stock price USOVLO - Twitter Post Cashflo @ 1:27PM CST
Playing this upside move with UGA October 16th $16 calls @ 1.00
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.