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Gasoline

LONG UGA @ $28.50 for Gasoline Futures bounce from $1.64Gasoline Futures (RBOB Gasoline Futures) likely counter trend bounce here off 200weekSMA support at $1.66 to reclaim long-term moving average support of 50monthSMA at $1.70, then rally to test 100weekSMA resistance at $1.80. Technical Analysis: - Gasoline Futures (RBOB Gasoline Futures) now testing long-term support of 200weekSMA at $1.66. - $1.66 also strong price support from Feb 2018 for potential double bottom pattern - Daily & Weekly RSI extremely oversold - Daily MACD record lows - 50monthSMA long-term support sitting at $1.70 to continue uptrend from 2016 lows - Potential bottom hammer candle on hourly chart today at $1.66 Fundamental Analysis: Over recent weeks, we have seen an almost perfect bearish storm in the Crude Oil market that sent the price of futures from a high of $76 to low of $61, a decline of about 19% in less than one month. Rising production, increasing inventories, a strong dollar, concerns over trade, and the realization that the sanctions on Iran include some exceptions, all led the price of the energy commodity lower in a dramatic corrective move. These factors have had a greater impact on its bi-product Gasoline, which is also undergoing a seasonal bearish period during the winter months. However, we feel this move has been overextended to the downside as there are still 3 fundamental reasons why oil is close to low and could spark a counter trend rally in Gasoline. - Turmoil in the Middle East could result in a decrease in production and rapid price increase - OPEC expected to cut production at their bi-annual meeting Dec. 6th - Pullback of USD from highs due to US election results could relieve some of the bearish weight on commodity prices - Demand for the energy commodity remains strong with increasing population and rising heating oil cracks
NYMEX:RB1!Long
by CashFlo_Trading
RDOB Gasoline showing an upward trend with LONG SIGNALSame strategy as the related ideas below. Currently reading a long signal. Is that because Winter is approaching in the northern side of the sphere? Strategy Refer to BTCUSD and TRNUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins. Summary: All indicators must cross to give a strong buy/sell signal i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously. PNL = +13.8% Max Drawdown = 0.2% !!! 2 closed trades in total spanning ~4+ months (over 3% profit a month) p.S. its a shame the graph above doesn't allow you to scroll back to view the whole range of time :(, but you can still view all the trades below
NYMEX:RBZ2018Long
by uahmad99
NG1! - NatGas potential to turn.The white fork gives us the most probable path of price on a longterm scale, it's up. The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline. The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork. This halt, or "not reaching the L-MLH) is called a HAGOPIAN in the Forkers term. It gives us a heads up that price will move in the opposite direction more then from where price came (...from the yellow centerline). In short: - Price has reached a high probability area where it has the tendency to turn the current trend. - Confluence of two Fork-Lines indicate the same. - The uncleared HGPN at the yellow L-MLH tells the same. - The red pressing line looks scary, but is probably just a fake. - A "Flush" of the longs below the yellow Centerline, and then a sharp climb up above again would not be surprising. P!
NYMEX:NG1!Long
by Tr8dingN3rd
GASUSD VS NEOUSD 6 month head to head. 1000% ROI #teamgsasThe chances are you’ve heard about NEO, often dubbed the Chinese Ethereum. Like its predecessor NEO is designed to act as a smart contract platform and has aim of trying to create the smart economy. Unlike Ethereum, NEO is actually comprised of two separate tokens, NEO and neoGAS (GAS). Both are fantastic long term investments but which is the better 6 month performer? I believe that the demand for GAS will outstrip the "mined" supply at least in the short/medium term (6 months) and am quietly confident that within this time frame GAS will exceed its all time high, resulting in a return on investment of +1000% from today's price. #teamgas
BINANCE:GASUSDLong
by warrenhochfeld
Analysis of production, consumption and reserves of oil and oil On April 11, a fresh STEO report comes out, so you should wait for the updated forecast for the oil market from an official source. Conclusions on this report will be published in the blog www.cofutrading.com. But at the moment the situation is as follows: OPEC reduces production, and the US increases it. But along with the growth in production, which is accompanied by an increase in the number of drilling rigs in the US, oil consumption is also increasing. Exports are also high. Despite of inreasing us oil stocks (which is quite normal for a given time of the year), the growth rate of reserves is low, it is lower than last year and below the average for 5 years of value. That in general is bullish (at least for me). Demand for gasoline is high, demand for distillate is also high, so refineries will continue to "consume" a sufficient amount of oil, absorbing the growth of supply. Judging by CFTC COT reports, as of March 28, funds reduced their extremely bullish position. I do not attach high importance to these reports, I can only say that the long lines have been dropped, so the way for entering new long positions is open. I continue to adhere to the neutral-bullish direction in the US oil market, but before the opening of new positions I will wait for a new STEO report from the EIA.
TVC:USOILLong
by zooeysparks