Gasoline Prices Remain High as OPEC Holds Back on OutputFxNews —Gasoline trades bullishly above the 100-period SMA, with $2.04 as the immediate support. If this level holds, the next bullish target could be $2.094.
On the other hand, a drop below the 38.2% Fibonacci level should cancel the bullish outlook. If this scenario unfolds, the gasoline price could potentially drop to $2.01.