Information about the war in Ukraine and other disruptions to the global energy market will affect the oil price. However, it is important to note that gasoline prices are not always directly correlated with crude oil prices. For example, if OPEC increases production, it could help to keep gasoline prices down.
Entry: 2.6086 - 2.4844
TP1: 2.9470
TP2: 3.3276
SL: 2.3279
Good morning,
I have traded this for the last 15 years, I am 14-1 on this trade, has a high probability of success. Time Frame is 8/2-8/19. The initial "crash and return to mean" is due to the seasonal demand consequence of the market. Low margin req, calender spreads would be a good option, I will let you figure out the set up as I can't give everything away....
The ‘crack spread’ is a term used in the oil industry that refers to the differential between the price of crude oil and the petroleum products extracted from it, such as gasoline and heating oil. The name comes from the process of 'cracking' crude oil in a refinery to produce these valuable products.
The spread serves as a measure of refining margin, or...
Yesterday, the EIA reported broad inventory levels from last week for Crude Oil, distillates and gasoline. Inputs to refineries averaged 16.5 M bbl/day during the week ending July 28, 2023, which was 40K bbl/day more than the previous week’s average while refineries operated at a reasonably high level capacity of approximately 92.7% last week. Gasoline production...
Gasoline futures have dropped to a five-week low of $2.6 per gallon, primarily due to an unexpected increase in inventory and a decline in demand. Recent data from the Energy Information Administration (EIA) indicates a decrease in gas demand from 8.936 million to 8.519 million b/d last week. Moreover, the total domestic gasoline stock has increased by 1.3 million...
Gasoline Futures is very near the PCZ of a Bearish 5-0 but is actually showing a very notable amount of weakness at the 0.382 and is Bearishly Diverging if this keeps up we will see Gasoline Breakdown out of the Bearish Consolidation and probably go back to pre-2020 Levels.
After a turbulent 2022, there will be a lot of factors affecting the investment market in 2023. I have picked three most important ones to talk about.
• When will Fed stop hiking rate?
• Will there be a global recession?
• How could China’s reopening impact the market?
When will Fed stop hiking rate?
I respect Fed’s pivot table showing Fed Fund Rate will go up...
HELLO GUYS THIS MY IDEA 💡ABOUT RB1! is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Demand is down because inflation is up and people are driving less to make up for the cost.
Trend regression channel since Nov 04, 22
Entry 2.15
SL 2.21
TP 1.93
This is kind of an extension to the US Crude-Oil Bearish Bat trade from the other day; So we have a Bear Flag on the Gasoline Futures chart and we seem to be confirming a Break Hook and Go that has room to take us to $2.00 if it holds.
TimeFibs of the cycle 0-1. Consider the golden ratio of the time. Note that previous time Phi reversed the market. Let's see how the market reacts to 1/ Phi (1.618) Fibonacci is the order in chaos like a language of fractal. Dates of TimeFibs ratios as well as time periods are provided.
1.618 AT 6 OCT '22
Fibonacci channels Cover the Fractal Configuration of...
Gasoline futures on the rise again as things heat up across the oil markets.
Bullish Cypher with a type 2 confirmation low.
Bullish divergence on the MACD, with a inverse head and shoulders style reversal on the RSI.
A common retracement here would be between the 382 and 618 at 2.91 - 3.40
Daily RB analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
The RB1! Bollinger Bands bandwidth has narrowed to the narrowest width in 11 months as can be seen via the BandWidth indicator. Such a collapse in volatility usually precedes a volatility breakout in either direction. A Bollinger Band squeeze, which is a type of volatility breakout setup, is triggered when the bandwidth puts in a 6-month low which is a condition...
