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GASOL
GASOL
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: RBOB
ISIN:

GASOL - 1H - Technical analysis published on 08/16/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 2.2578 USD
My targets
2.2340 USD (-0.39%)
2.2179 USD (-1.11%)
My analysis
The bearish trend is currently very strong for GASOL. As long as the price remains below the resistance at 2.2578 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.2340 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.2179 USD as an objective. Crossing it would then enable sellers to target 2.1730 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GASOL price is 2.2428 USD. On the day, this instrument lost -0.88% and was between 2.2246 USD and 2.2590 USD. This implies that the price is at +0.82% from its lowest and at -0.72% from its highest.

2.2246
2.2590
2.2428

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 1H of this GASOL chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1730 2.2179 2.2340 2.2428 2.2460 2.2578 2.2702
Change (%) -3.11% -1.11% -0.39% - +0.14% +0.67% +1.22%
Change -0.0698 -0.0249 -0.0088 - +0.0032 +0.0150 +0.0274
Level Minor Intermediate Intermediate - Intermediate Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.21282.22942.24112.25772.26942.28602.2977
Camarilla2.24502.24762.25022.25282.25542.25802.2606
Woodie2.21042.22822.23872.25652.26702.28482.2953
Fibonacci2.22942.24022.24692.25772.26852.27522.2860


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.04352.10832.18052.24532.31752.38232.4545
Camarilla2.21512.22772.24022.25282.26542.27792.2905
Woodie2.04732.11022.18432.24722.32132.38422.4583
Fibonacci2.10832.16062.19292.24532.29762.32992.3823


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.88711.98212.15482.24982.42252.51752.6902
Camarilla2.25392.27842.30302.32752.35202.37662.4011
Woodie1.92602.00152.19372.26922.46142.53692.7291
Fibonacci1.98212.08442.14752.24982.35212.41522.5175

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): 39.99
MACD (12,26,9): -0.0064
Directional Movement: -7.9972
AROON (14): -85.7143
DEMA (21): 2.2390
Parabolic SAR (0,02-0,02-0,2): 2.2246
Elder Ray (13): 0.0009
Super Trend (3,10): 2.2591
Zig ZAG (10): 2.2422
VORTEX (21): 0.9291
Stochastique (14,3,5): 43.85
TEMA (21): 2.2383
Williams %R (14): -47.38
Chande Momentum Oscillator (20): -0.0101
Repulse (5,40,3): 0.0278
ROCnROLL: 2
TRIX (15,9): -0.0444
Courbe Coppock: 1.19
MA7: 2.2623
MA20: 2.2703
MA50: 2.2464
MA100: 2.1607
MAexp7: 2.2425
MAexp20: 2.2478
MAexp50: 2.2578
MAexp100: 2.2626
Price / MA7: -0.86%
Price / MA20: -1.21%
Price / MA50: -0.16%
Price / MA100: +3.80%
Price / MAexp7: +0.01%
Price / MAexp20: -0.22%
Price / MAexp50: -0.66%
Price / MAexp100: -0.88%

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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Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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