Refinery Stocks Get Smoked, Watch This Daily Chart Level For HFC
Inability For Markets To Rally Higher Is A Bad Sign
Trade Lesson: Calculation Signals Valero Is A Short
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Gasoline And Refiners Are Topping Out After Epic Run
This afternoon, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by $1.12 to $58.28 a share. Last week, on Mach 23, 2012 the UGA made a new 52 week high at $58.63 a share. The current pattern on the daily chart of the UGA remains very strong at this time. The next major resistance levels on the daily chart will be around the $55.50, and $60.00 levels.