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)
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The chart below reflects that the falling resistance line (1) looks to have held Gas futures from heading higher.
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Declining gas prices are nice at the pump, yet sometimes correlate with lower stock prices too…stay in touch with where Gasoline goes from here!
