Gasoil held Tuesday’s again hitting 1014/16 resistance & as predicted we did see a low at almost exactly 1003. Chance of a low here again today but if we continue lower look for 999 and then we can try longs down to 997.25/996.50 expecting a bounce with a stop below 995. 1014/16 remains tricky resistance but if we break higher we should then close a gap at 1021.
Long term levels
1045 2012 High
1030 Oct High
1019 Sept High
1008 Last Week’s High
966 Last Week’s Low
959.75 Dec High
952.35 100 Day Moving Average
The article was first published by DayTradeIdeas.com
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