Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
RBOB GASOLINE Feb 2024 (NYMEX:RB.G24)
Bear Market Rally (-75) - RB.G24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RB.G24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RB.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.G24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.1327
The intermediate-term trend has been UP since Nov 29th, 2023 at 2.2353
The short-term trend has been DOWN since Nov 30th, 2023 at 2.1597
Smart Scan Analysis for RB.G24
Based on our trend formula, RB.G24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).