Future Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
RBOB GASOLINE Jun 2023 (NYMEX:RB.M23)
Crossroads (+60) - RB.M23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RB.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.M23
The long-term trend has been UP since Jan 20th, 2023 at 2.7553
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 2.4831
The short-term trend has been DOWN since Mar 31st, 2023 at 2.5696
Smart Scan Analysis for RB.M23
Based on our trend formula, RB.M23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).