GASOLINE weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- LONG-TERM SUPPORT AREA BELOW THE PSYCHOLOGICAL MARK OF $2.000: Gasoline price has recently tested levels below $2.000, which has been acting as a support area since early 2021. However, there remains a risk of a potential breakout below this level if market conditions change.
- BREAKING (MAY 5): GASOLINE PRICES TESTED THE LEVEL OF $2.000. After testing the mark of $2.000, Gasoline prices managed to recover and hit $2.1938 on May 18 (Data Source: MetaTarder 4).
- BREAKING (SEPTEMBER 8, 2024): GASOLINE PRICES HIT THEIR LOWEST LEVEL SINCE FEBRUARY 2021 ($1,7064): Gasoline fell to their lowest in more than four years to hit the level of $1.7064 on September 8, 2024. After testing the mark of $1.7064, Gasoline price managed to recover and hit $2.247 on March 30 (Data Source: MetaTarder 4).
GRAPH (Weekly): February 2021 – June 2025
Please note that past performance does not guarantee future results
US DRIVING SEASON
- PERIOD: MEMORIAL DAY TO LABOUR DAY IN THE USA (MAY 26 TO SEPTEMBER 2). Usually that time period of the year sees higher oil and petroleum consumption and demand and more and more people in the US travel around. The period usually sees declining gasoline inventories in the US, due to higher consumption, signaling rising demand. This usually bodes well for gasoline prices, although prices could go into the opposite direction, as well.
GEOPOLITICS:
- MIDDLE EAST TENSIONS RISE AHEAD OF 6TH ROUND OF U.S. – IRAN NUCLEAR TALKS ON SUNDAY (JUNE 15). A CBS News reporter said that US officials have been told Israel is fully ready to launch an operation into Iran. This is part of the reason the US advised some Americans to leave the region. The US anticipates Iran could retaliate on certain US sites in Iraq. Iranian military and government officials have already met to discuss their response to a potential Israeli strike, according to a senior Iranian official. The official said that Tehran had devised a response plan that would involve an immediate counterstrike on Israel with hundreds of ballistic missiles.
GASOLINE June 12, 2025
Current Price: 2.1350
|
GASOLINE |
Weekly |
|
Trend direction |
|
|
2.4000 |
|
|
2.3000 |
|
|
2.2100 |
|
|
2.0700 |
|
|
2.0400 |
|
|
2.0000 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GASOLINE |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
26,500 |
16,500 |
7,500 |
-6,500 |
-9,500 |
-13,500 |
|
Profit or loss in €2 |
22,970 |
14,302 |
6,501 |
-5,634 |
-8,235 |
-11,702 |
|
Profit or loss in £2 |
19,545 |
12,170 |
5,532 |
-4,794 |
-7,007 |
-9,957 |
|
Profit or loss in C$2 |
36,202 |
22,541 |
10,246 |
-8,880 |
-12,978 |
-18,442 |
- 1.00 lot is equivalent of 100,000 units
- Calculations for exchange rate used as of 11:40 (GMT+1) 12/06/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.