Londinia Opportunities Analyses - 11/18/2024 (GMT) GASOL - 1H
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USD
(-)
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10 min delayed data - NYMEX Futures
| Type: | Commodities |
| Ticker: | RBOB |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.9934 USD
My targets
2.0618 USD (+2.14%)
2.1194 USD (+4.99%)
My analysis
GASOL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.9934 USD. The next resistance located at 2.0618 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.1194 USD. After this resistance, buyers could then target 2.2126 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.8
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Additional analysis
Quotes
GASOL rating 2.0186 USD. The price has increased by +3.56% since the last closing and was between 1.9400 USD and 2.0255 USD. This implies that the price is at +4.05% from its lowest and at -0.34% from its highest.1.9400
2.0255
2.0186
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GASOL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9495 | 1.9738 | 1.9934 | 2.0186 | 2.0219 | 2.0618 | 2.1194 |
| Change (%) | -3.42% | -2.22% | -1.25% | - | +0.16% | +2.14% | +4.99% |
| Change | -0.0691 | -0.0448 | -0.0252 | - | +0.0033 | +0.0432 | +0.1008 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8849 | 1.9154 | 1.9324 | 1.9629 | 1.9799 | 2.0104 | 2.0274 |
| Camarilla | 1.9362 | 1.9406 | 1.9450 | 1.9493 | 1.9537 | 1.9580 | 1.9624 |
| Woodie | 1.8781 | 1.9120 | 1.9256 | 1.9595 | 1.9731 | 2.0070 | 2.0206 |
| Fibonacci | 1.9154 | 1.9336 | 1.9448 | 1.9629 | 1.9811 | 1.9923 | 2.0104 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8203 | 1.8752 | 1.9122 | 1.9671 | 2.0041 | 2.0590 | 2.0960 |
| Camarilla | 1.9240 | 1.9325 | 1.9409 | 1.9493 | 1.9577 | 1.9662 | 1.9746 |
| Woodie | 1.8115 | 1.8707 | 1.9034 | 1.9626 | 1.9953 | 2.0545 | 2.0872 |
| Fibonacci | 1.8752 | 1.9103 | 1.9320 | 1.9671 | 2.0022 | 2.0239 | 2.0590 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6227 | 1.7616 | 1.8641 | 2.0030 | 2.1055 | 2.2444 | 2.3469 |
| Camarilla | 1.9001 | 1.9222 | 1.9444 | 1.9665 | 1.9886 | 2.0108 | 2.0329 |
| Woodie | 1.6044 | 1.7525 | 1.8458 | 1.9939 | 2.0872 | 2.2353 | 2.3286 |
| Fibonacci | 1.7616 | 1.8539 | 1.9108 | 2.0030 | 2.0953 | 2.1522 | 2.2444 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.87 | |
| MACD (12,26,9): | 0.0152 | |
| Directional Movement: | 27.0164 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 2.0054 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9919 | |
| Elder Ray (13): | 0.0210 | |
| Super Trend (3,10): | 1.9867 | |
| Zig ZAG (10): | 2.0188 | |
| VORTEX (21): | 1.3066 | |
| Stochastique (14,3,5): | 88.95 | |
| TEMA (21): | 2.0182 | |
| Williams %R (14): | -8.55 | |
| Chande Momentum Oscillator (20): | 0.0500 | |
| Repulse (5,40,3): | 0.3207 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0669 | |
| Courbe Coppock: | 5.37 |
| MA7: | 1.9785 | |
| MA20: | 1.9919 | |
| MA50: | 1.9822 | |
| MA100: | 2.0652 | |
| MAexp7: | 2.0092 | |
| MAexp20: | 1.9885 | |
| MAexp50: | 1.9756 | |
| MAexp100: | 1.9748 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +1.51% | |
| Price / MAexp50: | +2.18% | |
| Price / MAexp100: | +2.22% |
Quotes :
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10 min delayed data
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Futures NYMEX
News
Don't forget to follow the news on GASOL. At the time of publication of this analysis, the latest news was as follows:
Spain's NBA champion Pau Gasol retires