UGA

Monthly cycle is 16 months. Gasoline stuck in the trading range in a triangle. The bottom of the next cycle is April 2024. We are  approavhing the middle. The market is boring.

The weekly cycles are 23 and 69 weeks. The market is in the 9th week of the cycle. It can still go higher. But it is in the trading range as well. 63.46 is all we should hope for.

The daily cycles are 17, 34, and 68 days. Market is in the 3rd part of 69 days cycle, but in the first part of 17 days cycle and 34 days cycle. It still have a potential to go higher.

Conclusion:

This is not a good market to trade.