Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
RBOB GASOLINE Jun 2020 (NYMEX:QRB.M20)
Countertrend Down (-85) - QRB.M20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QRB.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRB.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRB.M20
The long-term trend has been DOWN since Feb 3rd, 2020 at 1.6573
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6035
The short-term trend has been UP since Apr 2nd, 2020 at 0.6864
Smart Scan Analysis for QRB.M20
Based on our trend formula, QRB.M20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.9765||52wk High Date||2020-01-07|
|52wk Low||0.5189||52wk Low Date||2020-03-23|