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.
MarketClub’s Trade Triangles for RB.M23_N23
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.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).
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