Gasoline Futures (RB1!) H4 I Bullish setup eyeing a move toward resistance

Gasoline Futures (RB1!) H4 I Bullish setup eyeing a move toward resistance.
Type:
Bullish Bounce
Key Levels:
Resistance: 2.2045
Pivot: 2.1060
Support: 2.0413
Preferred Case:
On the H4 timeframe, price is reacting above the Pivot level at 2.1060. If this level holds, a bullish move toward the 1st Resistance at 2.2045 is favored.
Alternative Scenario:
If price fails to sustain above the Pivot at 2.1060, a deeper pullback toward the 1st Support at 2.0413 could follow before any further upside can resume.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.