Spread Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
RBOB GASOLINE Jun 2020/HO Spread (NYMEX:RB.M20_HO.M20)
Weak Downtrend (-65) - RB.M20_HO.M20 is showing signs of a strengthening downtrend. Monitor RB.M20_HO.M20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.M20_HO.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.M20_HO.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.M20_HO.M20
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.M20_HO.M20
Based on our trend formula, RB.M20_HO.M20 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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