Future Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
RBOB GASOLINE Jun 2019 (NYMEX:RB.M19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.M19
The long term trend has been DOWN since Nov 1st, 2018 at 1.9992
The intermediate term trend has been UP since Jan 11th, 2019 at 1.6740
The short term trend has been UP since Feb 12th, 2019 at 1.6488
Smart Scan Analysis for RB.M19
Based on a pre-defined weighted trend formula for chart analysis, RB.M19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3316||Contract High Date||2018-10-03|
|Contract Low||1.6214||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|