Londinia Opportunities Analyses - 11/26/2024 (GMT) GASOL - 1H
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USD
(-)
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10 min delayed data - NYMEX Futures
| Type: | Commodities |
| Ticker: | RBOB |
| ISIN: |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.9945 USD
My targets
1.9738 USD (-0.74%)
1.9488 USD (-2.00%)
My analysis
The bearish trend is currently very strong for GASOL. As long as the price remains below the resistance at 1.9945 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.9738 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.9488 USD as an objective. Crossing it would then enable sellers to target 1.9185 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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Additional analysis
Quotes
GASOL rating 1.9886 USD. On the day, this instrument lost -0.60% and was traded between 1.9763 USD and 2.0365 USD over the period. The price is currently at +0.62% from its lowest and -2.35% from its highest.1.9763
2.0365
1.9886
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GASOL in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9185 | 1.9488 | 1.9738 | 1.9886 | 1.9945 | 2.0289 | 2.0554 |
| Change (%) | -3.53% | -2.00% | -0.74% | - | +0.30% | +2.03% | +3.36% |
| Change | -0.0701 | -0.0398 | -0.0148 | - | +0.0059 | +0.0403 | +0.0668 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Minor |
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 | 1.8992 | 1.9447 | 1.9726 | 2.0181 | 2.0460 | 2.0915 | 2.1194 |
| Camarilla | 1.9803 | 1.9870 | 1.9938 | 2.0005 | 2.0072 | 2.0140 | 2.0207 |
| Woodie | 1.8904 | 1.9403 | 1.9638 | 2.0137 | 2.0372 | 2.0871 | 2.1106 |
| Fibonacci | 1.9447 | 1.9727 | 1.9901 | 2.0181 | 2.0461 | 2.0635 | 2.0915 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8175 | 1.8787 | 1.9701 | 2.0313 | 2.1227 | 2.1839 | 2.2753 |
| Camarilla | 2.0194 | 2.0334 | 2.0474 | 2.0614 | 2.0754 | 2.0894 | 2.1034 |
| Woodie | 1.8325 | 1.8863 | 1.9851 | 2.0389 | 2.1377 | 2.1915 | 2.2903 |
| Fibonacci | 1.8787 | 1.9370 | 1.9730 | 2.0313 | 2.0896 | 2.1256 | 2.1839 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.05 | |
| MACD (12,26,9): | -0.0062 | |
| Directional Movement: | -14.6211 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.9975 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.0354 | |
| Elder Ray (13): | -0.0184 | |
| Super Trend (3,10): | 2.0237 | |
| Zig ZAG (10): | 1.9848 | |
| VORTEX (21): | 0.8713 | |
| Stochastique (14,3,5): | 14.22 | |
| TEMA (21): | 1.9990 | |
| Williams %R (14): | -85.88 | |
| Chande Momentum Oscillator (20): | -0.0155 | |
| Repulse (5,40,3): | -1.3338 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0420 | |
| Courbe Coppock: | 0.40 |
| MA7: | 2.0296 | |
| MA20: | 2.0044 | |
| MA50: | 2.0005 | |
| MA100: | 2.0478 | |
| MAexp7: | 1.9992 | |
| MAexp20: | 2.0056 | |
| MAexp50: | 2.0184 | |
| MAexp100: | 2.0243 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -2.89% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.48% | |
| Price / MAexp100: | -1.76% |
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