Forecast for 7th March 2013 Gasoil ICE March contract Gasoil looks to have made a low for this 3 week correction as predicted. We have broken Friday’s high of 930 to test Fibonacci resistance at 934.25 as hoped where we expected a high at this stage. 935 has held the move & we are testing support at 926 but below here could see 921 trade. If this does not hold we risk another test of 917/915 lows which is expected to hold again today if tested. However if we do break lower look for 911.75.
