RBOB Gasoline, Gasoil

Daily Forecast – 03 May 2013 RBOB Gasoline May contract RBOB Gasoline recovered as hoped, beating 272.33 to reach 278.06 & our selling opportunity with stops above 280.00. So far we have topped at 278.28 & could see 276.29 then support at 274.52. A move back below 272 could then see us test 270.25-268.79 lows. A break today could then target good support at 265.20. A push through 280 triggers stops for a move towards strong resistance at 282.46. We should look overbought in the short

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RBOB Gasoline, Gasoil

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