Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
RBOB GASOLINE Jan 2023 (NYMEX:QRB.F23)
Sidelines Mode (-55) - QRB.F23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QRB.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRB.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRB.F23
The long-term trend has been DOWN since Jul 5th, 2022 at 2.5100
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 2.8008
The short-term trend has been UP since Aug 9th, 2022 at 2.4645
Smart Scan Analysis for QRB.F23
Based on our trend formula, QRB.F23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.1475||52wk High Date||2022-06-09|
|52wk Low||1.0696||52wk Low Date||2020-05-20|