The Power of the Pattern reflected that most wouldn’t want this “Cup & Handle” pattern to come true, because if it did, gas prices could push towards $5 a gallon (See post here) CLICK ON CHART TO ENLARGE The chart below reflects that the falling resistance line (1) looks to have held Gas futures from heading [...]
CLICK ON CHART TO ENLARGE Cup & Handles, when they take place often suggest higher prices. This pattern isn’t at a point of completion, yet if the Cup & Handle does come true, gas futures could head much higher. I suspect a few people around the globe would like to see resistance hold here!
The “Power of the Pattern” has been suggesting for a while now that lower Crude Oil prices were in store…(see post here) The Pattern below could be suggesting lower prices are ahead for prices at the pump….Anyone be upset if this pattern read is correct? CLICK ON CHART TO ENLARGE With Gasoline futures breaking support and [...]
On 12/29 (in the chart below) the Power of the Pattern suggested that a “right shoulder” could be forming in Gas prices and that $2.50 was a key level for gas to not break above. If gas were to break above $2.50 prices could get rather painful at the pump. (see post here) CLICK ON CHART TO ENLARGE [...]
Last week I shared that a long-term “Head & Shoulders” pattern could be forming in Gasoline charts below (see post here) CLICK ON CHART TO ENLARGE Below is an update of Gasoline on a shorter term basis. CLICK ON CHART TO ENLARGE Hope is not a strategy, yet in some ways I hope the H&S [...]
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