Gasoline Futures (RB1!) D1 | Bullish Bounce Off?
Type:
Bullish Reversal
Key Levels:
Resistance: 2.2518
Pivot: 2.1445
Support: 2.0835
Preferred Case:
Looking at the D1 chart, the price could fall toward a pullback support and potentially rise toward the 1st Resistance at 2.2518
Alternative Scenario:
Price may break below the Pivot at 2.1445 and drop toward the 1st Support at 2.0835
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.