Daily RB analysisDaily RB analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special
Gasoline Inventories Fall Despite Weak DemandDeclining Gasoline Stockpiles and Market Adjustments
U.S. gasoline inventories decreased by 1.4 million barrels last week, bringing total stockpiles 1% above the five-year seasonal average. This decline occurred despite relatively weak demand growth, indicating that refiners are actively adjusting
RBOB Gasoline has broken the Trend-BarrierSince the TB is broken, we go a little sideways. Looks like someone is loading the Boat.
However, if we break the red resistance, chances are very good we start to move to the North.
To me this looks like a fantastic Risk/Reward.
So, if it looks like a valid Trade, and it smells and behave like on
GASOLINE Huge rebound expected on the 1D MA50.Gasoline (RB1!) is on a corrective sequence in the past 2 weeks as it got rejected on the 1D MA200 (orange trend-line) and is about to test the 1D MA50 (blue trend-line) as Support.
Having a previously overbought 1D RSI (>70.00), this pull-back is similar to January 29 - February 02 2024. The buy s
Gasoline - Continuing the up-trend as following!Hi guys , we are looking into today RBOB or Gasoline, the price formulated an amazing up-trend since we last posted about it, so we are looking to re-test the upper levels again.
After the price consolidates around the 2.19-2.20 mark we will analyse again and see what would be the next move!
Entr
RBOB post tariff structure and range to take advantage of!Hi guys today we are starting off with RBOB , which has been quiet for the past month and it has been trading in a structured range between 2.05 as a high resistance and 1.92 / 1.94 as strong support. As of today we are currently sitting at the given support line of 1.92 and the latest news which ca
Gasoline, is more likely to bottom soon. GASOLINE / 1D
Hello Traders, welcome back to another market breakdown.
GASOLINE appears to be attempting to establish another low. A breakout above critical resistance levels could indicate a potential continuation of the upward trend. However, the price is currently consolidating within a range.
GASOLINE sits 4 straight months on the Support. Expect reboundGasoline (RB1!) has been trading on the 4-year Support Zone for 4 straight months, forming a confirmed technical bottom. The September 09 Low was also on the Lower Lows of the long-term Falling Wedge, which makes the probabilities of a rebound even stronger.
At the same time, the 1W RSI bounced fro
RBOB Gasoline Broke The Weekly Base SupportFrom Sep. 2022, we see the bounces at the white Centerline. This created great support, until recently Sep. 03/24.
The Base support is broken, and price failed to move up from the white Centerline.
Well, if price is not going up, it probably goes down. Potential targets are indicated by the arrow
GASOLINE: Turned bullish on 4H as the MA50 held.Gasoline turned bullish on its 4H technical outlook (RSI = 56.424, MACD = 0.010, ADX = 32.938) as it rebounded strongly on the 4H MA50. The overall pattern looks very much like the October 2nd 4H MA50 rebound, which rose to almost the 2.0 Fibonacci extension. That is our Target (TP = 2.1650), just u
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of RBOB Gasoline Futures is 2.0064 USD / GLL — it has risen 0.39% in the past 24 hours. Watch RBOB Gasoline Futures price in more detail on the chart.
The volume of RBOB Gasoline Futures is 8.55 K. Track more important stats on the RBOB Gasoline Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For RBOB Gasoline Futures this number is 90.47 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for RBOB Gasoline Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for RBOB Gasoline Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of RBOB Gasoline Futures technicals for a more comprehensive analysis.