Future Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
RBOB GASOLINE Mar 2020 (NYMEX:RB.H20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RB.H20
The long term trend has been UP since Nov 21st, 2019 at 1.6948
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.6715
The short term trend has been DOWN since Jan 20th, 2020 at 1.6472
Smart Scan Analysis for RB.H20
Based on a pre-defined weighted trend formula for chart analysis, RB.H20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.0992||Contract High Date||2018-10-03|
|Contract Low||1.467||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|