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Re: March Gasoline/ Holding its Breakout/Winseer

Well I don't try to 2nd guess the many possible reasons for price to do something. The price chart says it is at a major resistance area of 2.45 to 2.50. So if long one would either get out now or put a trailing stop below at their comfort price level. Perhaps at the short uptrendline or 20ema. And if shorting hitting it at 2.45 to 2.50 would be the place to do that. But price is in an uptrend so shorting is a counter trend trade. And while most everyone seems to like stepping in front of freight trains and calling a top the trend is up and odds favour the trend in motion rather than a reversal. So the only trade I would see is to wait for proof of price clearing and holding above 2.50 to suggest another run up like in 2008. One does not have to get on board at this point regardless until price proves itself. The actual events that will determine the next direction from major resistance may not have actually even occurred as yet. The financial stories broadcasted daily won't change anything. The chart will still play out.

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Re: March Gasoline/ Holding its Breakout/Winseer