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Spread Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

RBOB GASOLINE Apr 2022/May 2022 Spread (NYMEX:RB.J22_K22)

Long-Term Downtrend (-90) - RB.J22_K22 is in a strong downtrend that is likely to continue. While RB.J22_K22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RB.J22_K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.J22_K22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_RB.J22_K22
Open High Low RB.J22_K22 Price Change
-0.0029 0.0003 -0.0032 -0.0017 +0.0009
Entry Signal

MarketClub’s Trade Triangles for RB.J22_K22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for RB.J22_K22

Based on our trend formula, RB.J22_K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RB.J22_K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.0029 0.0003 -0.0032 -0.0017 +0.0009
Prev. Close Volume Bid Ask Time
-0.0026 100 2021-05-12 16:55:32
Open Time09:00Close Time14:30
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