Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
RBOB GASOLINE Apr 2020 (NYMEX:RB.J20)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Nov 1st, 2018 at 1.9775
The intermediate term trend has been UP since Feb 19th, 2019 at 1.7030
The short term trend has been UP since Jan 30th, 2019 at 1.6956
Smart Scan Analysis for RB.J20
Based on a pre-defined weighted trend formula for chart analysis, RB.J20 scored +50 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|