Future Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
RBOB GASOLINE Dec 2020 (NYMEX:RB.Z20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.Z20
The long term trend has been UP since Nov 26th, 2019 at 1.5491
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.5635
The short term trend has been DOWN since Jan 8th, 2020 at 1.6173
Smart Scan Analysis for RB.Z20
Based on a pre-defined weighted trend formula for chart analysis, RB.Z20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.013||Contract High Date||2018-10-09|
|Contract Low||1.4501||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|