Gasoline Futures (RB1!) D1 | Potential Bullish Breakout
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.