June 2, 2025
Commodity Futures Weekly Newsletter- For the week of June 2nd, 2025
Gasoline futures remain range-bound and look to test support.
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Energies
RBOB Gasoline Futures
Gasoline Futures to test Support of 2025 trading range.
The weekly chart of Gasoline Futures again continues to show a range-bound market with no break of defined ranges. It will still take a weekly close above 2.32 as a breakout sign of the recent range to target upper resistance at 2.62 and 2.79 respectively. Until then, the low of 1.8545 is support for the trading range.
Prices could next challenge Support below 2.0000
With prices at 2.0132, prices fell 6 cents this week. An RSI reading below 50, now at 44.57, puts Gasoline Futures in bearish territory, for the first time in months. The Elliott Wave count overlayed in grey suggests Wave A of a secondary A,B,C lower is beginning to emerge following an intermittent Wave X advance to Resistance.
Conclusion
As before, accept any weekly close above 2.3215 as an upside breakout of the recent range. Conversely, accept any weekly close below 1.8545 as a downside breakout of the recent range. Lacking a noticeable divergence in price sentiment at Support, the 1.8545 low of the trading range appears vulnerable.
For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com.
Thank you!
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be
relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and
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