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.
MarketClub’s Trade Triangles for RB.J22_K22
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 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).
|Open Time||09:00||Close Time||14:30|