Gasoline (RB1!) has been rising since the March 2020 bottom on a straight Channel until late February 2022 where war and inflation worries turned it parabolic as illustrated by the use of the Fibonacci Channel extensions. Following the June 06 market top, a Head and Shoulders (H&S) pattern was formed that hit (and so far rebounded on) the 1D MA200 (orange...
"Gasoline... breakfast of champions" - Joe Dirt Consistent with our view of #Oil, gasoline shows us a beautiful bear wedge. Are we all just expected to pay $4.50+ / gal of gasoline? This seems like a tall ask for the American consumer, considering prices are significantly elevated across most of the American ( & global ) economy. Emerging markets getting beat...
Crude Oil, Gasoline, and energy stocks are breaking out. These are the charts and trends we are watching most closely to confirm this breakout.
Gasoline (RB1!) has been supported by the 1D MA50 (blue trend-line) since January 2022 and after the most recent contact with the trend-line (April 07 2022), it has been on a strong rise. This shouldn't surprise us as the 1D RSI has been printing the same pattern as the March - June 2021 period, when Gasoline formed a Channel Up supported by the 1D MA50. This...
People think oil just went to "record high prices". But this is a perspective that has been distorted by money supply growth. It's also targeted propaganda specifically to make you think and HOPE that it won't go any higher. If you account for money supply growth, you get a sideways chart. Not a coincidence. Good luck and hedge your bets
In the chart is the M2 adjusted price of gasoline matched to the current price. It measures the portion of total dollars it would take to purchase a gallon of gasoline. Essentially it's a chart of dollar strength in gasoline terms. Chart up = strong gas, weak dollar. Chart down = weak gas, strong dollar. The white trendline in the center is the longterm linear...
📉 Expecting bullish price action on this assset as price get out of the range, making higher lows and higher highs meaning that bulls are in power in this area. Price could retrace back into 4.0 as psychological area + discount market area fiboncai that sets perfect long opportunities. What do you think ? Comment below..
Prices are soaring amid a spike in the price of oil, which is refined into gas for cars. The national average price of gas has been at a seven-year high in recent days. Technically price is breaking the next key zone and going up. Price has touched this key zone multiple times since 2011: 04-Oct-2011, 23-Nov-2011, 19-Dec-2011, 29-Jun-2012, 07-Nov-2013,...
Put away those Oklahoma Credit Cards, Gasoline Prices appears set to soften. Rallies post 13th August have Bear Market characteristics. Subtle though market is also making lower highs. *Short ideas are SELL ideas only, don't support outright short selling.* Peek the detailed breakdown notes in the high def chart links below : NYMEX:RB1! AMEX:UGA
Gasoline futures at resistance. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is...
Chart says it all ''Buy Big Sell BIGGER'' - MegaWhale
bearish rising wedge, lets see
Advice from me. Don't put stop loss and take profit. Use alert
Please share with me your point of view, Regards.
Natural gas is approaching a rising trend line on a daily. on 1H the price has formed a double top with a lower high breaking and closing below 1.62 minor support. now the price may go lower. target levels: 1.576 1.550
With Economies gradually opening around the world am bullish gasoline.
Sugar and Brazil Relationship: Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian...
#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 $UGA $USO $VLO - Twitter Post @CashFlo @ 10:53AM CST twitter.com There it is.. #Gasoline $RB_F...