Gasoline Futures (RB1!) D1 | Potential Bullish Breakout

Type:

Bullish Breakout

Key Levels:

Resistance: 2.14

Pivot: 1.97

Support: 1.85

Preferred Case:

Looking at the D1 chart, my overall bias for gasoline futures (RB1!) is bullish due to the price making a swing-low and reversing strongly last week. The bullish momentum could cause the price to break above the Pivot and rise towards the 1st Resistance at 2.14.

Alternative Scenario:

Price may break below the Pivot at 1.97 and fall towards the 1st Support at 1.85.