Gasoil: Selling Opportunity At 934/935
Jason Sen | Feb 19, 2014 03:20AM ET
Gasoil beat last week's high at 928 to reach strong resistance and a selling opportunity at 934/935. However, we ran over quite a bit to 938 meaning 934 will be the key for today. Below here targets support at 929/928 which should hold the downside. However, if we continue lower look for a buying opportunity at 923.
A break above 938 is very possible despite the overbought scenario and we then target trend line resistance at 941/942. A high for the day and even for the week would be expected here.
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