Future Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
RBOB GASOLINE Apr 2020 (NYMEX:RB.J20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.J20
The long term trend has been UP since Nov 21st, 2019 at 1.8617
The intermediate term trend has been DOWN since Jan 12th, 2020 at 1.8447
The short term trend has been UP since Jan 19th, 2020 at 1.8597
Smart Scan Analysis for RB.J20
Based on a pre-defined weighted trend formula for chart analysis, RB.J20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2764||Contract High Date||2018-10-03|
|Contract Low||1.662||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|