Gasoil is testing 21, 55 & 100 week moving average support in the 957.45-952.94 band & has held on here. Today we look for a bounce back to 961.94 then 964.38 but there is scope for 968.40/970.44 on this correction higher. Here we should hit selling pressure so watch for a top.
break below 951 is unlikely today but would target 948.47. This is good daily Fibonacci support with good weekly support at 945.42. Just below here the 8 month uptrend line is at 942 & 200 day moving average at 941.03 so this area should offer a good buying opportunity if seen this
week.
week.
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