milTraderG

RB1! Downtrend Above 40 RSI

Short
NYMEX:RB1!   RBOB Gasoline Futures
RBOB Gasoline Futures is in a strong downtrend, and the price broke above the 40 RSI line on the daily chart . Therefore, we can anticipate an upward retracement into a quality supply zone . I used a volume profile to find the area with the heaviest volumes within that same daily zone.

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