Unleaded gas at crossroads

Unleaded gasoline futures (RBOB) held its major support level on Wednesday and is now set to test its first key resistance level at the downward trendline (second chart). The weekly trend line at $2.70 will be a major resistance area and pivotal to the direction of RBOB.

David Wienke runs Triquetra Resources Ltd. in Riverside, Ill. (www.triquetraresources.com).

About the Author

David Wienke runs Triquetra Resources Ltd. in Riverside, Ill. (www.triquetraresources.com).

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