Wednesday, September 23, 2015

Symmetrical triangle on gasoline

The October contract for gasoline has made what it appears to be a symmetrical triangle on the daily chart between the 1.2262 and the 1.5071. If the price breaks below the symmetrical triangle, then it is possible to see a visit to the 1.2262 and the zone could act as a support. If the price breaks above the triangle and surpasses the 1.5071 level, then the next resistance on gasoline could be the 1.7752 level.


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