Future Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
RBOB GASOLINE Apr 2020 (NYMEX:RB.J20)
Countertrend Down (-85) - RB.J20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RB.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.J20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.6552
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6055
The short-term trend has been UP since Mar 31st, 2020 at 0.5993
Smart Scan Analysis for RB.J20
Based on our trend formula, RB.J20 is rated as a -85 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|