Technical forecast for Gasoil

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Gasoil for Aug made it to the target of 931 & we can continue higher for a move towards March/April highs at 935/936 today. A break higher cannot be ruled out and could target in this steady uptrend & could see 939 maybe 944 in to next week.

Look for support at 925/924 & a low for the day possible here but below here the 200 day moving average at 920.50 could off a buying opportunity. However a break lower risks a slide to 914.50/913.50.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More