US Diesel Sales PriceMis à jour Diesel prices
Retail Diesel – Monthly: Currently resting at monthly support of 5.31. (Ichimoku indicator not shown) Daily and weekly swings above and below the blue Tenkan line should be expected. A monthly close below could open the door to the red Kijun line at 4.09. This would be very strong support on a monthly scale.
There was a 5 leg event from the 02’ low to the 08’ high. Leg 1 climbed 80% in under 2 years. The 3rd leg high climbed 230% higher in over 6.5 years. The 5th leg high climbed 390% off the 02 lows in just over 9 years.
The 16’ low to the 18’ high (Leg 1) climbed 75% in under 3 years. The current (3rd leg) high climbed 190% off the 16’ lows in under 6.5 years. If Diesel can break the trendline above $6.00, historically speaking $9.00+ diesel is not out of the equation…
Price risk on higher diesel is warranted. What broke the last strong run higher was the great 08’ recession…
There was a 5 leg event from the 02’ low to the 08’ high. Leg 1 climbed 80% in under 2 years. The 3rd leg high climbed 230% higher in over 6.5 years. The 5th leg high climbed 390% off the 02 lows in just over 9 years.
The 16’ low to the 18’ high (Leg 1) climbed 75% in under 3 years. The current (3rd leg) high climbed 190% off the 16’ lows in under 6.5 years. If Diesel can break the trendline above $6.00, historically speaking $9.00+ diesel is not out of the equation…
Price risk on higher diesel is warranted. What broke the last strong run higher was the great 08’ recession…
Transaction en cours
I really hope this analysis is very wrong going forward from here
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.