Future Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
RBOB GASOLINE Jul 2023 (NYMEX:RB.N23)
Weak Downtrend (-65) - RB.N23 is showing signs of a strengthening downtrend. Monitor RB.N23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.N23
The long-term trend has been DOWN since May 3rd, 2023 at 2.2872
The intermediate-term trend has been UP since May 22nd, 2023 at 2.5525
The short-term trend has been DOWN since May 25th, 2023 at 2.5538
Smart Scan Analysis for RB.N23
Based on our trend formula, RB.N23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).