Gasoline futures pulled back mildly to the March lows and is bouncing back. "IF" price can clear 2.38 a double top will be next. Clearing the nearby April 2011 high of 2.47 would be very bullish for Gasoline and really trash the average consumer. We all know what the political ramifications are with new highs in Gasoline prices. The sh-- would really hit the fan.
You mentioned us discussing catching a trend awhile back. This Gasoline long trade from early in the new year into April to June has worked 100% of the time since 1999. I've been posting this damn chart and this trend trade a multitude of times for months now. The ONLY reason I wasn't on it was the Gasoline ETF:UGA didn't have the volume I insist on. So once again my :FUSSY,FUSSY FUSSY attitude has been a costly one missing out on as close to a sure thing as I have seen in a long time. I was going to get long on a tag at 3.18 support recently but of course it knew I was watching for this and only came close to it. Only have one word for it all............ "XXXX".............................
