Gasoil: Severely Oversold
Jason Sen | Mar 18, 2014 03:28AM ET
Gasoil April unexpectedly collapsed again to reach 885. Although severely oversold short term and on the daily chart there is a risk we continue lower today to good support at 882/881. This is our best hope for a low for the week and should be worth trying longs with stops at 878.
If we manage a recovery look for 892 first target. Above here we could reach 896/897 and perhaps as far as 899/900 for a selling opportunity.
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