Future Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
RBOB GASOLINE Oct 2017 (E) (NYMEX:RB.V17.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.V17.E
The long term trend has been DOWN since Mar 2nd, 2017 at 1.5453
The intermediate term trend has been UP since May 19th, 2017 at 1.4996
The short term trend has been UP since May 19th, 2017 at 1.4822
Smart Scan Analysis for RB.V17.E
Based on a pre-defined weighted trend formula for chart analysis, RB.V17.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.686||Contract High Date||2017-01-03|
|Contract Low||1.1001||Contract Low Date||2016-01-19|
|Estimated Volume||70||First Delivery||2017-10-31|