EIA Data Shows Cuts in Both Crude & Gasoline InventoriesHeadlines:
- EIA Data Shows Cuts in Both Crude & Gasoline Inventories
- Gasoline Futures Return to 0.85 Handle as Prices Fall -7%
- US Indexes Fall Along with Energy Sector Down -4%
RRRBOB Gasoline Futures
2.1292USD / GLLD
−0.0376−1.74%
As of today at 08:34 GMT
USD / GLL
No trades
RB1! trade ideas
Gasoline futures (RB) - ABC wave patternGasoline futures (RB) is in ABC flat wave pattern from major bottom as shown in chart. Wave 3rd of C up is in progress and will be ending soon. After that wave 4 will be correct it down, which may be flat or triangle. On completion of 4th wave down, one more upward movement as wave 5 would be there on chart. Plz share your comments if you have any opposite wave count ?
Gasoline Futures See 0.7250 Resistance Level as Prices Retrace- Gasoline has paired some gains heading into the new week with it falling down to the 0.6570 level as we near the London open.
- Much of the pressure in lower prices has been due to the ongoing demand issues we are seeing within the United States, however, we have seen prices in recent week pick up from lows around mid-0.40 level.
- As of this week, however, we have seen prices retrace lower after touching a key level of resistance around the 0.7250 level.
Gasoline Falls in Asia + Stock Futures Fall in Europe & USHeadlines:
• Crude Finishes Flat Whilst Gasoline Futures Drop -6% Within Asia
• CNOOC Announces the Postponement of its Canadian East Coast Project Due to Covid-19
• US Futures Fall as Virus Concerns Reappear Whilst Asia Starts the Quarter Off Lower
Gasoline Continues Down -31% on Monday Close as Demand FallsHeadlines
• Further Oil & Gas Companies Announce Expenditure Cuts with TOTAL Set to Cut into the Year
• Gasoline Continues Its Plummet Down -31% on Monday Close
• UK Closes Non-Essential Business as Countries Go into Quarantine to Slow Spreads
EIA Crude Stock Continues + Gasoline & Distillate Stock DropsHeadlines:
• EIA Crude Inventory See Stockpiles Continues Whilst Gasoline & Distillate Stock Drops
• Surging Indexes Spurred on by Stimulus Measures with S&P500 +4.22%
• Coronavirus Cases Slow Down in China Whilst See Rises in Italy & Iran
Gasoline Down + Oil Extends Losses in Asia With Crude DownHeadlines:
• Crude Extends its Losses in Asia With NYMEX Crude Down -3.16% + RBOB Gasoline Down -3.29%
• UN Secretary General Calls for Immediate Ceasefire After 33 Turkish Soldiers Killed in Idlib
• Asian Equities Feel Full Force of Sell Pressure with Nikkei225 Down -4.60%
