London Gas Oil: Geopolitical Tensions & 4H Breakout OpportunityFundamental Analysis
Hello everyone and welcome back to another TradingView analysis! 👋📊
I hope you're all having a great trading week. Today, we're going to take a look at GASOIL / London Gas Oil from both a fundamental and technical perspective. 🛢️🔍
Gasoil is one of the most important refined petroleum products, with strong connections to diesel consumption, transportation, agriculture, industrial activity and the broader economy. Therefore, its price is influenced not only by crude oil supp
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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, the gas oil market is still being influenced by several key factors:
🔹 Supply and demand fluctuations across Europe
🔹 OPEC production policies and output restrictions
🔹 Geopolitical tensions and tran
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 market, which is confirmed by a neutral RSI value, which is 52.44, and the 20-day EMA, which is a strong level of support. The underlying cause for this movement will be the shortage of distillates in
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 bullish in their behavior, justifying why the price will not fall even if the technical indicators have shown a cooling off in the momentum. Firstly, the Cape of Good Hope diversion continues to occur
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 persists. Thus I'm inclined to say, that a next economic crisis may be coming soon and this could be the catalyst.
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 strength in demand for diesel and heating fuels, particularly in the industrial and transportation sectors. Unlike gasoline, which has seen sluggish consumption trends, distillate demand surged by 7.1% ye
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 highest levels in recent months. The increase suggests refiners are responding to strong seasonal demand for diesel and heating oil, particularly in industrial and freight sectors.
While distillate stock
#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 difficult to orientate until it is over and wave of X is formed.
#Gasoil Update Gasoil Elliott Wave story is less controversial than Crude Oil story . The price rests on Moving Averages support and Gasoil crack appears to be on an upward trend too. This suggests that refinery margins are likely to improve.
In practice, this means that Gasoil prices are likely to grow faster than Oil prices, perhaps due to unsatisfied demand for diesel fuel.
What I also dislike a bit here is that wave (ii) seems a bit too complicated, being a combination of flat w, simple zigzag x and a
Gasoil Update The fact that the price did not touch the redline (the starting point of wave a) means that within the current scenario of abc flat only one option is possible - regular flat where wave c travels beyond the low of wave a but stays above wave (i) starting point. That places the target within a green rectangular boundaries. Of course this is a very, very speculative scenario hinging on a lot of assumptions. The biggest assumption is the regular flat, because regular flat is the rarest form of flat
















