Futopt Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
RBOB GASOLINE NOVEMBER 2022 PUT 24700 (NYMEX:QRB.X22.24700P)
Long-Term Downtrend (-90) - QRB.X22.24700P is in a strong downtrend that is likely to continue. While QRB.X22.24700P is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QRB.X22.24700P?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRB.X22.24700P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRB.X22.24700P
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QRB.X22.24700P
Based on our trend formula, QRB.X22.24700P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).