RBOB Gasoline Broke The Weekly Base Support

6 בנוב׳ 2024

From 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 arrows.

26 בנוב׳ 2024

עסקה פעילה

Price is still fuzzing around in the Base Support "Zone".
It's hard to open a Short here, Stop would have to be above $2.20.
The Risk-Reward although would be huge.
Or play it with a Options-Spread.