Future Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
RBOB GASOLINE AUGUST 2019 (NYMEX:QRB.Q19)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for QRB.Q19
The long term trend has been DOWN since Jun 2nd, 2019 at 1.7182
The intermediate term trend has been DOWN since May 10th, 2019 at 1.9333
The short term trend has been DOWN since Jun 17th, 2019 at 1.6857
Smart Scan Analysis for QRB.Q19
Based on a pre-defined weighted trend formula for chart analysis, QRB.Q19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||1.4362|
|52wk Low Date||2018-12-24||Volatility||23.62|