Future Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
RBOB GASOLINE Nov 2017 (E) (NYMEX:RB.X17.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RB.X17.E
The long term trend has been UP since Aug 1st, 2017 at 1.5285
The intermediate term trend has been DOWN since Oct 2nd, 2017 at 1.5480
The short term trend has been UP since Oct 11th, 2017 at 1.5971
Smart Scan Analysis for RB.X17.E
Based on a pre-defined weighted trend formula for chart analysis, RB.X17.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.6822||Contract High Date||2017-09-25|
|Contract Low||1.0817||Contract Low Date||2016-02-09|
|Estimated Volume||10163||First Delivery||2017-11-30|