Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
RBOB GASOLINE VS BRENT CRACK SPREAD May 2022 (NYMEX:QRBB.K22)
Bear Market Rally (-75) - QRBB.K22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QRBB.K22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QRBB.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRBB.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRBB.K22
The long-term trend has been DOWN since Aug 20th, 2021 at 19.275
The intermediate-term trend has been DOWN since Aug 16th, 2021 at 20.950
The short-term trend has been DOWN since Sep 21st, 2021 at 20.573
Smart Scan Analysis for QRBB.K22
Based on our trend formula, QRBB.K22 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).