Mita Chaturvedi
Research Associate, Flux
M1 ICE LS Gasoil Crack – Bullish Momentum, but Critical Resistance Ahead
Significant rise in the RSI, highlighting the bullish shift in the contract...
Published: January 22, 2026
Written by:
Mita Chaturvedi
The M1 ICE LS gasoil crack saw a significant rise in the 14-day RSI, reflecting the positive momentum seen this week....
- The RSI remains in the neutral territory, while CTA net positioning is still below 0, which shows further room for upside from here.
- The MACD histogram is positive and widening, reinforcing the supportive view. The Bollinger bands are also widening, suggesting a breakout after a low-volatility period.
- Nonetheless, Keep an eye out for short-term resistance at current levels (as seen in Dec) and $28/bbl (Ichimoku cloud)
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