GASOLINE: Turned bullish on 4H as the MA50 held.

6 Kas

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 under the R1 level.


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