{
  "id": 9292460,
  "title": "London Gas Oil tests $1,517 SuperTrend ceiling: Live levels",
  "url": "https://urgent.news/2026/09/23/london-gas-oil-tests-1-517-supertrend-ceiling-live-levels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T07:11:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/london-gas-oil-stuck-in-chop-zone-at-1480-live-levels-93CH-4908349"
  },
  "original_language": "en",
  "account": "Gas Oil prices reached an all-time high of $1,508.75 on the 5-hour chart, closing at $1,503.13 in the last bar. This surge was fueled by bullish momentum from a significant Fibonacci retracement that pushed the price directly against major resistance. However, a SuperTrend ceiling stood just above at $1,517, creating uncertainty over whether the recent rally would turn into a genuine bull breakout or just another bear trap.\n\nThe most recent 5-hour candle showed Gas Oil making a push towards resistance, supported by a bullish engulfing pattern and MACD momentum that had just turned positive (MACD shifted from -10.72 to -10.03). Gas Oil was now reasserting control over two key levels—the 20-period moving average at $1,467.29 and the Ichimoku Cloud top at $1,460.81. These are usually strong indicators of a momentum revival.\n\nYet, the real risk lies ahead. The $1,517 SuperTrend resistance, which has been rejected three times before, looms as the battleground for bulls against bears. A close above this level on the 5-hour chart would flip the narrative, while failing to do so could see sellers taking control. The upside target extends to $1,632 (the 127.2% Fibonacci extension), but risk management advises placing stops at $1,430, just below recent support.\n\nIf the bounce isn't convincing, the structure below looks weak, especially if $1,517 holds. Lower highs remain, and the Average Directional Index (ADX), which measures trend strength, is only 15.55—indicating that the trend isn't strong enough for a runaway rally. For bears, this could be an opportunity to pounce. Short traders should set their stops above $1,555, keeping risk minimal against March highs.\n\nBut is this a trade zone ($1,470–$1,515)? It's a no-trade zone for the indecisive, with choppy action, low trend strength, and increasing whipsaw danger. The $1,517 SuperTrend acts as the gatekeeper. A decisive close above it could see momentum compound into a genuine bull run. Conversely, a rejection could mean this was just another bear rally in a weak trend. Keep a hawk’s eye on volume and the next candle's close.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Brent Oil breaks $104 support, eyes $97.36: Live levels",
        "url": "https://urgent.news/2026/09/23/brent-oil-breaks-104-support-eyes-97-36-live-levels",
        "published": "2026-09-23T07:11:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}