ICE Gasoline Feb Contract - Forecast for 02/01 by Daytradeideas.com

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Gasoil fell back to 984.90/30 support which we predicted would hold the downside and we bottomed at 984.75. We have continued higher now, through 995.50 as we head towards our next target of 1001.50/1008 and tough resistance here in an overbought market may see us top out for the time being.

Look for support at 994.50/994.00 then 987 below which could hold any profit taking.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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