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Spread Trend Analysis Report

Prepared for you on Thursday, May 19, 2022.

RBOB GASOLINE Jun 2023/Jul 2023 Spread (NYMEX:RB.M23_N23)

Strong Downtrend (-100) - RB.M23_N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RB.M23_N23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RB.M23_N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.M23_N23.

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

NYMEX_RB.M23_N23
Open High Low RB.M23_N23 Price Change
0.0399 0.0399 0.0385 0.0400 -0.0007
Entry Signal

MarketClub’s Trade Triangles for RB.M23_N23

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.M23_N23

Based on our trend formula, RB.M23_N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for RB.M23_N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0399 0.0399 0.0385 0.0400 -0.0007
Prev. Close Volume Bid Ask Time
0.0390 69 2022-05-18 12:15:35
Open Time18:00Close Time17:00
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