Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
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RBOB Gasoline Update 5-4-2011
in Futures
Posted
On 5-3-11 we recommended buying June RBOB at 3.3616 on a stop. Overnight the market traded lower and took out the low of 5-3-11. Since the low was taken out the pattern is no longer valid. We are no longer recommending buying June RBOB at 3.3616 on a stop. We will sit on the sidelines and wait for further price action before we look to get back in.