GASOL
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 02/28/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.5604 USD
My targets
1.4705 USD (-3.29%)
1.3604 USD (-10.54%)
My analysis
The bearish trend is currently very strong for GASOL. As long as the price remains below the resistance at 1.5604 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.4705 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3604 USD as an objective. Crossing it would then enable sellers to target 1.2560 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

GASOL rating 1.5206 USD. The price registered a decrease of +4.52% on the session and was traded between 1.4863 USD and 1.5583 USD over the period. The price is currently at +2.31% from its lowest and -2.42% from its highest.

1.4863
1.5583
1.5206

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GASOL indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8989 1.2560 1.4705 1.5206 1.5604 1.6493 1.7555
Change (%) -40.89% -17.40% -3.29% - +2.62% +8.46% +15.45%
Change -0.6217 -0.2646 -0.0501 - +0.0398 +0.1287 +0.2349
Level Minor Major Major - Major 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
Standard1.38941.45471.49351.55881.59761.66291.7017
Camarilla1.50381.51331.52291.53241.54191.55151.5610
Woodie1.37631.44811.48041.55221.58451.65631.6886
Fibonacci1.45471.49441.51901.55881.59851.62311.6629


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.39991.44871.51601.56481.63211.68091.7482
Camarilla1.55141.56201.57271.58331.59391.60461.6152
Woodie1.40921.45331.52531.56941.64141.68551.7575
Fibonacci1.44871.49311.52051.56481.60921.63661.6809


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.99631.21661.36041.58071.72451.94482.0886
Camarilla1.40401.43741.47071.50411.53751.57091.6042
Woodie0.95801.19751.32211.56161.68621.92572.0503
Fibonacci1.21661.35571.44171.58071.71981.80581.9448

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): 34.32
MACD (12,26,9): -0.0054
Directional Movement: -18.0406
AROON (14): -28.5714
DEMA (21): 1.5628
Parabolic SAR (0,02-0,02-0,2): 1.6790
Elder Ray (13): -0.0837
Super Trend (3,10): 1.6732
Zig ZAG (10): 1.4549
VORTEX (21): 0.9514
Stochastique (14,3,5): 34.79
TEMA (21): 1.5743
Williams %R (14): -93.84
Chande Momentum Oscillator (20): -0.0664
Repulse (5,40,3): -9.8688
ROCnROLL: 2
TRIX (15,9): -0.0462
Courbe Coppock: 12.00
MA7: 1.5993
MA20: 1.5508
MA50: 1.6145
MA100: 1.6252
MAexp7: 1.5629
MAexp20: 1.5723
MAexp50: 1.5938
MAexp100: 1.6241
Price / MA7: -4.92%
Price / MA20: -1.95%
Price / MA50: -5.82%
Price / MA100: -6.44%
Price / MAexp7: -2.71%
Price / MAexp20: -3.29%
Price / MAexp50: -4.59%
Price / MAexp100: -6.37%

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

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