Spread Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
RBOB GASOLINE NOV 23/SEP 24 (NYMEX:QRB.X23-QRB.U24)
Strong Downtrend (-100) - QRB.X23-QRB.U24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QRB.X23-QRB.U24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QRB.X23-QRB.U24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRB.X23-QRB.U24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRB.X23-QRB.U24
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QRB.X23-QRB.U24
Based on our trend formula, QRB.X23-QRB.U24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).