Gasoil chartLong-term gasoline chart. I'm waiting for a return from here. If that doesn't happen, I'll have to sell my car.Shortby econ101130
Crackspread is about to roll overAs seen in the past, the crack spread is about to roll over for the summer months until the fall shutdowns start again. How this plays out in the equities like $HFC is yet to be seen.Shortby rwoods187Updated 1
Long RBOB at Market 1st TP 387.90 Stop 352.40 Long RBOB at Market 1st TP 387.90 Stop 352.40 **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results** hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. Longby Cannon-TradingUpdated 0
Energy is Breaking OutCrude Oil, Gasoline, and energy stocks are breaking out. These are the charts and trends we are watching most closely to confirm this breakout. 04:59by bill_blue_line4
Gasoline Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby Sunstorminvest0
GASOLINE Buy the dip for the next 2 monthsGasoline (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 suggests that every dip towards the Support should be bought until at least the end of July. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------Longby TradingShot449
Gasoline Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby Sunstorminvest0
GASOLINE ATH GASOLINE registered all time high passing above resistance of historic prices following by a local correction. Fibonacci channel tilt is adjusted to the general direction of 2 year relevance projecting dynamic support levels in case of further correction. It might touch red fib area couple of times before market reversal. Previous ATH: by fract7
Be ready for much higher prices in 2022..!Gasoline has just crossed above its all time high and entered a No resistance zone..! In 2008, gasoline rose to a record $4.11 a gallon, which equates to $5.20 a gallon today adjusted for inflation.(The Wall Street Journal) Increases in Gas price in the inflation era + geopolitical tensions will last longer than your expectations..! I think in 2022, all US refineries will beat their earning expectations by far..! Best, Dr. Moshkelgosha M.D. Longby Moshkelgosha1120
Gas just got expensiveIn 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 regression, the center of the logarithmic price distribution (but only back to 1986). To calculate this symbol yourself: RB1! price = 3.798 RB1! / WM2NS price = 0.0001758 3.798 / 0.0001758 = 21604 Now we simply enter RB1! /WM2NS*21604 to get our current price. What the chart does not show is that over the years, public ownership of the dollar supply has gone down. As you pump unwarranted dollars into the economy, you get diminishing returns on real gdp growth and thus a reduction in productivity. No measurements are being made, dollars are only being thrown into the system. More doing, less thinking and measuring. Therefore, people have less overall dollars, relative to the total supply of dollars, to spend on gasoline as they did in previous decades. For example, around the 1970s, the FED could squeeze out about 70 cents in GDP per 1 dollar printed. (Actually they didn't squeeze anything, they just sat on their ass) Fast forward to 2022, these reckless and dogmatic pseudo-scientists are getting around 30 cents per dollar printed. If people are economically half as productive overall, PERHAPS everyday people will only be able to afford about HALF as much stuff and therefore half as much gasoline as when it was just as expensive in the past. Just something to think about, seeing as how regular citizens didn't get much of that money. Those who work the hardest are not worthy of the easy money printed by our glorious church of the FED. Consider how gasoline peaked around 7$ multiple times, in '85, '90, '05, '06. Now imagine if society was half as productive back then, that's basically saying it's 14$ in today's terms if you account for money productivity AND money supply expansion. Probably not the most settling idea. Good luck and hedge your bets. by fringe_chartist2
Interesting ChartThe breaking of the upward or downward channel could determine the confirmation of the Broadening or the return towards the lows of the main patternby dan686080
Gasoline Long in the short term, Short in the Long term. I think we are reaching the end of the Covid bull run for this commodity. by azooooz1
GASOLINE wedgegasoline has shown some weakness then trend reversal is a very good opportunity by SedanBenz1
RBOB - (RB) Gasoline The SPR release was a non-event, why would it be. Less asphalt is preferable. Heavy Sours are not ever going to relieve Price. The exception is DOT projects. _____________________________________________ April to June as the Flip for unleaded fuel production. Refineries lead this transition and switch over to summer- blend production in March and April. In the warmer months, gasoline has a greater chance of evaporating. Refiners reduce the chance of gas evaporation in your car during the s summer by producing gasoline blends that have lower Reid vapor pressure, or lower volatility. This isn't going to affect price this year. ______________________________________________ The Variant will, demand for Gasoline Liquid fuels will increase by 3.5 million b/d in 2022 to average 100.5 million. Given demand is well below 100 Million, we doubt this. War Drum will likely have the desired effect and those are rapidly building Globally as China has become an Isolationist. Russia is keen on pushing back against an attempt to regain the upper hand in NATO for the purposes of putting Putin in a corner. 2022 has the potential to be a very challenging year on many fronts. Price volatility will increase dramatically as Energy moves in far greater swings. ________________________________________________ There is a rather Large Daily GAp Above. by HK_L614
oilgas at the pumps tells the oil, can't have one without the other. Oil support at volume profile for now, who knows how much more lockdown ahead with the clownsby hillbilly2500
Bearish Flag Pattern Setup on Gasoline, Target at 2Trend Analysis The main view of this trade idea is on the 4-Hour Chart. Gasoline futures (RBOB) appears to be in a bearish flag pattern setup. The pole of the flag can be seen from the sharp decline from 2.55 highs to the initial low at 2.31. Then RBOB began to gingerly channel lower and is currently retesting the 2.31 support level. If RBOB breaks below that support, the futures contract is expected to decline towards 2. A negation of this move will be observed if RBOB breaks above the resistance trendline towards 2.35. From a Daily perspective, RBOB is pulling back from the 2.55 highs. Next levels of support on the Daily Chart is seen around the 2.10 price level. Technical Indicators On the 4-Hour Chart the moving averages (MAs) are above the RBOB price. Also there have been negative crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is below 50 with the KST recently having a negative crossover. Recommendation The recommendation will be to go short at market, with a stop loss at 2.35 and a target of 2. This produces a risk/reward ratio of 3.39. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Shortby Ceddy86Updated 1
Gasoline babychart is clear - harmonic pattern - sharp move needs correction, 0.382 - 0.5 ....... - volume rsi divergence Shortby Arashbas2
Gasoline Back down to 2.18This one should be interesting. with so much uncertainly around oil generally, it seems gasolines recent move up has run out of steam. I'm expecting this back down to 2.18.Shortby nmiah7cUpdated 0
RB - RBOB Unleaded GasIn_Flay_Shun - EX - Food & Energy isn't working out too well. Unleaded Gasoline: The Trend it is said - IS Your Friend October 25, 2021 3.476 October 18, 2021 3.416 October 11, 2021 3.36 October 04, 2021 3.285 September 27, 2021 3.271 September 20, 2021 3.28 September 13, 2021 3.262 September 06, 2021 3.273 August 30, 2021 3.237 August 23, 2021 3.243 August 16, 2021 3.272 August 09, 2021 3.269 August 02, 2021 3.256 July 26, 2021 3.232 July 19, 2021 3.247 July 12, 2021 3.227 July 05, 2021 3.216 June 28, 2021 3.185 June 21, 2021 3.153 June 14, 2021 3.161 June 07, 2021 3.128 May 31, 2021 3.119 May 24, 2021 3.112 May 17, 2021 3.118 May 10, 2021 3.051 May 03, 2021 2.981 April 26, 2021 2.962 April 19, 2021 2.945 April 12, 2021 2.939 April 05, 2021 2.945 March 29, 2021 2.941 March 22, 2021 2.954 March 15, 2021 2.94 March 08, 2021 2.857 March 01, 2021 2.796 February 22, 2021 2.717 February 15, 2021 2.588 February 08, 2021 2.548 February 01, 2021 2.495 January 25, 2021 2.478 January 18, 2021 2.464 January 11, 2021 2.403 January 04, 2021 2.336 December 28, 2020 2.33 December 21, 2020 2.311 December 14, 2020 2.247 December 07, 2020 2.246 November 30, 2020 2.211 November 23, 2020 2.194 November 16, 2020 2.202by HK_L613
Not everybody is betting on cheap gasolineCowen on Crude: "We forecast a 1.8MM bbl crude build, in-line with API and seasonal historical levels. Imports could increase 0.4MM bpd w/w while exports fall 0.4MM bpd. We estimate that refinery throughput will increase 0.1MM bpd w/w. The production adjustment could fall 0.1MM bpd w/w." On Gasoline: "We forecast a 3.9MM bbl gasoline draw compared to API's 0.5MM bbl build and seasonal historical 2.6MM bbl draw. We estimate last week's demand was in-line with reported levels; our 4 week average demand is 2% below 2019 levels, compared to DOE's reading of flat. We estimate 2% lower demand from 2019 levels for this week, or a 0.5MM bpd decline w/w. We have refinery output flat w/w from our estimated level last week. Imports may also be flat w/w while exports could increase 0.2MM bpd."by GammaLab1
RBOB - (RB) GasolineThe price for 42,000 gallons of NY Hub Unleaded Gasoline continues to move higher. Every Dip is bought. Weekly Volumes witnessed the Sell Week of 10/17. The Dip, of course, was bought. It is simply following the trajectory of Crude Oil... or is it. When RB was trading below $2.20 - the price of at the pump Unleaded... Yeah, naw, it wasn't too much less than it is now. Per Mile Taxes ahead.by HK_L616
Gasoline Price is breaking the Resistance zone at 2.50 ! 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, 15-Sep-2014. by Farid_alfredo0