GASOL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	RBOB
ISIN:

GASOL - Daily - Technical analysis published on 05/09/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.0378 USD

My targets

2.1500 USD (+1.09%)

2.2702 USD (+6.74%)

My analysis

The bullish trend is currently very strong on GASOL. As long as the price remains above the support at 2.0378 USD, you could try to benefit from the boom. The first bullish objective is located at 2.1500 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.2702 USD as an objective. Crossing it would then enable buyers to target 3.1333 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GASOL rating 2.1269 USD. The price registered an increase of +0.62% on the session and was between 2.0856 USD and 2.1400 USD. This implies that the price is at +1.98% from its lowest and at -0.61% from its highest.

2.0856

2.1400

2.1269

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GASOL:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GASOL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Black evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.5561	1.8436	1.9749	2.1269	2.1500	2.2702	3.1333
Change (%)	-26.84%	-13.32%	-7.15%	-	+1.09%	+6.74%	+47.32%
Change	-0.5708	-0.2833	-0.1520	-	+0.0231	+0.1433	+1.0064
Level	Major	Minor	Major	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0517	2.0804	2.0970	2.1257	2.1423	2.1710	2.1876
Camarilla	2.1012	2.1054	2.1096	2.1137	2.1179	2.1220	2.1262
Woodie	2.0458	2.0774	2.0911	2.1227	2.1364	2.1680	2.1817
Fibonacci	2.0804	2.0977	2.1084	2.1257	2.1430	2.1537	2.1710

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7941	1.8678	1.9721	2.0458	2.1501	2.2238	2.3281
Camarilla	2.0274	2.0437	2.0600	2.0763	2.0926	2.1089	2.1253
Woodie	1.8093	1.8755	1.9873	2.0535	2.1653	2.2315	2.3433
Fibonacci	1.8678	1.9358	1.9778	2.0458	2.1138	2.1558	2.2238

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7541	1.8358	1.9561	2.0378	2.1581	2.2398	2.3601
Camarilla	2.0208	2.0393	2.0578	2.0763	2.0948	2.1133	2.1319
Woodie	1.7733	1.8455	1.9753	2.0475	2.1773	2.2495	2.3793
Fibonacci	1.8358	1.9130	1.9607	2.0378	2.1150	2.1627	2.2398

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.38
MACD (12,26,9):	0.0419
Directional Movement:	8.3200
AROON (14):	50.0000
DEMA (21):	2.1133
Parabolic SAR (0,02-0,02-0,2):	2.0079
Elder Ray (13):	0.0285
Super Trend (3,10):	1.9921
Zig ZAG (10):	2.1317
VORTEX (21):	1.1439
Stochastique (14,3,5):	79.23
TEMA (21):	2.1237
Williams %R (14):	-20.99
Chande Momentum Oscillator (20):	0.1483
Repulse (5,40,3):	1.4156
ROCnROLL:	1
TRIX (15,9):	0.2114
Courbe Coppock:	10.17

MA7:	2.1185
MA20:	2.0495
MA50:	2.0190
MA100:	1.7970
MAexp7:	2.1112
MAexp20:	2.0621
MAexp50:	1.9764
MAexp100:	1.8179
Price / MA7:	+0.40%
Price / MA20:	+3.78%
Price / MA50:	+5.34%
Price / MA100:	+18.36%
Price / MAexp7:	+0.74%
Price / MAexp20:	+3.14%
Price / MAexp50:	+7.61%
Price / MAexp100:	+17.00%

Quotes : - 10 min delayed data - NYMEX Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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