Gasoline's rally after a bullish energy build did not surprise us. What happens now? If DI spikes again, bulls that did not get in ahead of the price spike could nibble.
Gasoline's rally after a bullish energy build did not surprise us. What happens now? If DI spikes again, bulls that did not get in ahead of the price spike could nibble.
The primary trend is already up, so the next escalation or entry point would be triple alignment. That happened four days ago (see Matrix).
This leaves disciplined traders watching the ProIndex in order to see if the rally is confirmed.
Gasoline DI
Content provided by Eric De Groot is intended as general information and not specific recommendations. Individuals are responsible for their own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, but there is no guarantee results will be accurate or profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned in my articles. Readers are encouraged to conduct their own research and due diligence and/or obtain professional advice before making any investment decision.
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