The breakout signal was generated when the price fell below the wedge support near $3.05 per gallon. The sell-off occurred on light momentum and may retrace higher to retest the underside of the wedge before continuing towards the forecast price level.

Lower trade in Tuesday's session should confirm the breakout. If this occurs, the projected price calls for a minimum target of $2.89 per gallon to complete the breakout. Acceleration of the downtrend may result in a move to the lower ed of the forecast near $2.66 per gallon.

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