Future Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
RBOB GASOLINE Nov 2019 (NYMEX:RB.X19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.X19
The long term trend has been UP since Mar 7th, 2019 at 1.6232
The intermediate term trend has been DOWN since May 2nd, 2019 at 1.7153
The short term trend has been DOWN since May 22nd, 2019 at 1.7354
Smart Scan Analysis for RB.X19
Based on a pre-defined weighted trend formula for chart analysis, RB.X19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.0968||Contract High Date||2018-10-03|
|Contract Low||1.4458||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|