Future Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
RBOB GASOLINE Nov 2017 (E) (NYMEX:RB.X17.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Jul 3rd, 2017 at 1.3893
The short term trend has been DOWN since Aug 10th, 2017 at 1.4815
Smart Scan Analysis for RB.X17.E
Based on a pre-defined weighted trend formula for chart analysis, RB.X17.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.6689||Contract High Date||2017-01-03|
|Contract Low||1.0817||Contract Low Date||2016-02-09|
|Estimated Volume||11359||First Delivery||2017-11-30|