Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
RBOB GASOLINE May 2020 (NYMEX:RB.K20)
Weak Downtrend (-65) - RB.K20 is showing signs of a strengthening downtrend. Monitor RB.K20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.K20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.6592
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6141
The short-term trend has been UP since Mar 26th, 2020 at 0.6205
Smart Scan Analysis for RB.K20
Based on our trend formula, RB.K20 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2769||Contract High Date||2018-10-03|
|Contract Low||1.679||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|