Gasoline (USA) – politics inflates the price
"Gasoline reserves decreased by 2.83 million barrels (forecast: -1.46 million barrels) to 251.614 million."
The aggravation in the Middle East and the growth of verbal confrontation between Russia and NATO are pushing oil prices up, which is reflected in the price of gasoline.
TAKE PROFIT
At the end of February, gasoline prices returned to the channel that had been forming for a year and a half. The RSI oscillator has formed an upward trend and entered the buying zone. We believe that gasoline prices will continue to rise to the level of $2.7/gallon. (+10% of the current price at 2.45).
STOP LOSS
Do not forget about risk management. It is recommended to open positions for an increase in the price of gasoline by no more than 15% of the account. If the price is fixed below $ 2.2, then the forecast for gasoline growth is canceled. A stop order can be placed at $2.37 (-3% of the current price of $2.45).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
