Future Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
RBOB GASOLINE Dec 2019 (NYMEX:RB.Z19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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.Z19
The long term trend has been DOWN since Jun 2nd, 2019 at 1.4921
The intermediate term trend has been DOWN since May 2nd, 2019 at 1.6960
The short term trend has been UP since Jun 14th, 2019 at 1.4750
Smart Scan Analysis for RB.Z19
Based on a pre-defined weighted trend formula for chart analysis, RB.Z19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.0779||Contract High Date||2018-10-03|
|Contract Low||1.4361||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|