Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
RBOB GASOLINE Jun 2020 (NYMEX:RB.M20)
Bull Market Weakness (+75) - RB.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RB.M20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RB.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.M20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.6429
The intermediate-term trend has been UP since May 4th, 2020 at 0.8150
The short-term trend has been UP since May 29th, 2020 at 1.0471
Smart Scan Analysis for RB.M20
Based on our trend formula, RB.M20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2677||Contract High Date||2018-10-09|
|Contract Low||1.6687||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|