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TFC Commodity Trading Forum

Gasoline/Stalling Out *PIC*

Gasoline futures have stalled out and have been bumping up against $3.38 for the last 3 weeks unable to clear this price point. Double top resistance is the April/11 high of $3.47 so price could top out anywhere at this point being so close to major resistance. "IF" price clears 3.47 and holds this will have major economic and political ramifications due to its powerful impact on the public's pocket book along with politicians facing an election year only months away. Bottom line: Watch the Gasoline chart for a heads up on what's next in a variety of events.