GASOIL Triangle Compression SetupHello to all TradingView followers 🌍📈
Hope your trades are green and profitable 💚
Today we’re taking a look at London Gas Oil (GASOIL), which has recently attracted traders’ attention again due to ongoing volatility in the energy markets and oil-related products. ⚡🛢️
From a fundamental perspective,
Gasoil breakout: Neutral RSI confirms hidden bullish sentimentHowever, despite the fact that low sulpher Gasoil is still expensive and costs 1,282, there are high chances for further growth in the coming periods due to a positive technical situation. Low sulpher Gasoil's current sideways consolidation is an institutional buying, rather than exhaustion in the m
Gasoil squeeze: Why a Neutral 53.41 RSI Makes $1,365 the targetIt is evident that the international middle distillate market is experiencing an institutional accumulation case study. Although the prices for Gasoil are extremely high at 1275.67, there has been a highly bullish shift in the technical structural profile. The macro factors continue to be extremely
DIESEL and OIL continues to rise as the WAR in IRAN continuesIf the blockade of Hormuz strait persists, western countries are going to be hit by depletion of oil reserves, jet fuel etc. We've seen similar moves in 2008 where the oil rose continually for a year and grew more than 100%. It is apparent that today's situation will be much much worse, if it persis
Distillate Stocks Drop as Diesel Demand Remains StrongFalling Distillate Inventories Amid Rising Consumption
U.S. distillate fuel inventories ( ECONOMICS:USDFP ) declined by 1.3 million barrels last week, bringing total stockpiles to levels 6% below the five-year seasonal average, as EIA WPSR report may show us. This drop highlights the ongoing stre
Distillate Inventories Surge as Refiners Boost Diesel OutputRising Distillate Production and Inventory Build
U.S. distillate fuel inventories ( ECONOMICS:USDFP ) saw a sharp increase of 3.9 million barrels last week, reflecting a significant rise in refinery output. Distillate fuel production reached 5.2 million barrels per day (bpd), marking one of the hig
#Gasoil UpdateThe Gasoil chart also has several alternatives to how it can shape the end of the uptrend. I indicated them on the chart below. Black labels mark the alternative scenario. Probability is not much different from each other. In summary, we have to prepare for a volatile environment which would be diff
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