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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

Mita Chaturvedi

Research Associate, Flux
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)

Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

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