what Gasoline is possibly setting up looking for lower prices
This one should be interesting. with so much uncertainly around oil generally, it seems gasolines recent move up has run out of steam. I'm expecting this back down to 2.18.
Oil, Gasoline etc quite over bought, we need a correction. Lets take this down to 2.175 and re assess. i imagine there will be a pause there before any further falls. Dont expect downward movement to last long though, oil is very strong generally... so its quite risky shorting, but i can let this opportunity go with a tight stop loss.
I hate to be on the short side of anythign related to oil at the moment, but gasoline has shown some weakness so im going to take a punt on this. The wedge on gasoline should come to a breakout shortly,. giving a SHORT target to 2.13 at least.
Try to Sell in the Gartley's PRZ @$1.35-$1.40 (also the LongTerm TL), w. a target of <$1.000 ($0.90-$0.95).22
Please share with me your point of view, Regards.
Dates in the future with the highest probability for price direction reversals