Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Trades,RBOB/Artie *LINK*
In Response To: Re: Trades,RBOB/Artie ()

Well seasonal trend charts show the strong bullish time of year for Gasoline is from mid Feb through May and into June consistently over the years. The trend now is down historically into Feb despite a nice bounce from the bottom of its 3 year channel. Nice channel to trade actually. This is the 'spot' Gasoline so you can trade whatever contract that fits with this. I've marked the RSI 21 tags of 70 and 30 as I use this a lot to get through all the b.s. stories that tend to be camouflage with these markets. Overall they are worth paying attention to especially if long and the RSI 21 is over 70 and stalling out. Also if short and the RSI 21 is at or below 30 and stalling out. That's when any over exuberance needs to be nipped in the bud as a change in at least the short term trend is at hand.