Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
RBOB GASOLINE Oct 2022 (NYMEX:RB.V22)
Long-Term Uptrend (+90) - RB.V22 is in a strong uptrend that is likely to continue. While RB.V22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RB.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.V22
The long-term trend has been UP since Jan 11th, 2022 at 2.2012
The intermediate-term trend has been UP since Dec 22nd, 2021 at 2.0225
The short-term trend has been UP since Jan 26th, 2022 at 2.2742
Smart Scan Analysis for RB.V22
Based on our trend formula, RB.V22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).