- May 12, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Gasoline (RB1!) has been supported by the 1D MA50 (blue trend-line) since January 2022 and after the most recent contact with the trend-line (April 07 2022), it has been on a strong rise.
This shouldn’t surprise us as the 1D RSI has been printing the same pattern as the March – June 2021 period, when Gasoline formed a Channel Up supported by the 1D MA50. This suggests that every dip towards the Support should be bought until at least the end of July.