Technical Review of the Energy Markets – 25th April 2013
RBOB
bounced as hoped to reach resistance at 275.17/276.15. We said this
should cap the move & it did but today we are trying to push higher
to target strong resistance at 279.74/280.47 & a probably higher for
the day. A move higher later in the week could test stronger resistance
at 282.65/283.65. Exit all longs here with a high for the week expected
& perhaps try shorts with a stop above 285.65. 275.17 is now
support but below 274.80 risks a return to 273.06 & below here a
retest of 270.50/00 which is still good support today…Read more...http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-25th-April-2013.html
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