Gasoil has reached our upper target of 994.25 and continued higher to 995.50. A push through here should see us on the way to 1001.50 and tough resistance here in an overbought market may see us top out for the time being.

If however we start to drift lower look for support at 988.54 then 984.90/30 below which should hold the downside.




Long term levels

979.19     Daily 61.8% Fibonacci

976.75     Last Week’s High

963.50     Daily 50% Fibonacci

959.75     Dec High

959.25     Last Week’s Low

956.28     100 Day Moving Average

951.98     100 Week Moving Average

937.49     200 Day Moving Average

917.88     Weekly 50% Fibonacci


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