Gasoline made two important break outs this week: 1) above the 1D Lower High trend line
and 2) the 1.7659 4H Resistance. Trading now on standard bullish
set up ( RSI
= 62.821, MACD
= 0.013, Highs/Lows = 0.0339), a Channel Up may emerge if the 1.7868 Resistance is rejected. If broken then the uptrend will most likely continue until it reaches the MA200. It will be extremely positive if the MA50 turns into a support now. The long term TP is 1.9000.
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