Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
RBOB GASOLINE Jan 2024 (NYMEX:RB.F24)
Weak Downtrend (-65) - RB.F24 is showing signs of a strengthening downtrend. Monitor RB.F24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.F24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.1308
The intermediate-term trend has been UP since Nov 29th, 2023 at 2.2372
The short-term trend has been DOWN since Nov 30th, 2023 at 2.1573
Smart Scan Analysis for RB.F24
Based on our trend formula, RB.F24 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).