Future Trend Analysis Report
Prepared for you on Monday, June 27, 2022.
RBOB GASOLINE VS BRENT CRACK SPREAD MAY 2023 (NYMEX:QRBB.K23)
Long-Term Downtrend (-90) - QRBB.K23 is in a strong downtrend that is likely to continue. While QRBB.K23 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 QRBB.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRBB.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRBB.K23
The long-term trend has been DOWN since Aug 16th, 2021 at 18.451
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 18.957
The short-term trend has been DOWN since Sep 27th, 2021 at 18.957
Smart Scan Analysis for QRBB.K23
Based on our trend formula, QRBB.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).