Technical forecast for RBOB

rbob3

RBOB Gasoline reached the 314.50/315 target & tried a break above 316 but this could not be sustained. A push higher today cannot be ruled out and could target 317.80-319.

Look for support at 313.32/312.68 but below here risks a slide to 308.48/317.82.

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