
The RBOB Gasoline futures weekly chart shows a market in transition. Price action is currently near the upper end of a multi-month range, with medium-sized bars and average momentum, suggesting neither strong conviction nor exhaustion. Short-term and intermediate-term Fib grid trends (WSFG, MSFG) are both down, with price below their respective NTZ centers, indicating recent weakness or consolidation. However, the swing pivot structure is showing an uptrend in both short-term and intermediate-term metrics, with the most recent pivot high aligning with the current price, and the next key support at 1.6981. All benchmark moving averages from 5-week to 200-week are in uptrends, supporting a longer-term bullish bias. The yearly Fib grid (YSFG) trend is up, with price above the yearly NTZ center, reinforcing the long-term positive structure. Recent trade signals have triggered long entries, reflecting attempts to capture a potential reversal or continuation higher. Overall, the market is consolidating after a period of weakness, with short- and intermediate-term trends neutralizing as price tests resistance levels. The long-term structure remains bullish, supported by rising moving averages and the yearly grid. Key levels to watch are resistance at 1.9811–2.3342 and support at 1.6981–1.4863. The market may be setting up for a breakout or further range-bound action, depending on how price reacts to these levels.