Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
RBOB GASOLINE Cash (NYMEX:RB.Y$$)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RB.Y$$
The long term trend has been DOWN since Oct 12th, 2018 at 2.1973
The intermediate term trend has been DOWN since Oct 11th, 2018 at 2.2686
The short term trend has been DOWN since Oct 5th, 2018 at 2.3684
Smart Scan Analysis for RB.Y$$
Based on a pre-defined weighted trend formula for chart analysis, RB.Y$$ scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.5639||Contract High Date||2013-05-17|
|Contract Low||0.9635||Contract Low Date||2008-12-24|
|Open Time||18:00||Close Time||17:00|