Looking to short Gasoline below dual support (at the eclipse) with the first target at 1.4575. A convincing break below trendline support (triangle) look for 1.2605, further downside pressure could see 1.0323 as a third target. On the fundamental front, 'Smart Money Hedgers' have increased their bearish exposure to this market substantially. The time frame for this trade is mid to long term.
Kommentera:
There could be another selling opportunity here at 15570s.. (spot price) for another leg down. Above 15780s would negate the short set-up.