GASOLINE: Over the 1D MA50, estabilising the new rally.

Gasoline is on a neutral 1D technical setting (RSI = 51.588, MACD = -0.026, ADX = 46.131) as it only crossed over the 1D MA50 on Monday. That was after a 3 week consolidation between the 1D MA50 and the 1D MA200, which held and kept the price over the bottom of the long term Channel Up.

We consider this breakout as the final confirmation of the new rally to the top of the Channel Up. Buy and aim at a rise close to +30% (TP = 3.200).

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