Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
RBOB GASOLINE Jun 2020 (E) (NYMEX:RB.M20.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.M20.E
The long term trend has been DOWN since Feb 9th, 2018 at 1.7711
The intermediate term trend has been DOWN since Jan 30th, 2018 at 1.8630
The short term trend has been UP since Feb 14th, 2018 at 1.7437
Smart Scan Analysis for RB.M20.E
Based on a pre-defined weighted trend formula for chart analysis, RB.M20.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.796||Contract High Date||2018-02-16|
|Contract Low||1.78||Contract Low Date||2018-03-02|
|Estimated Volume||2||First Delivery||2020-06-30|