Future Trend Analysis Report
Prepared for you on Saturday, August 20, 2022.
RBOB GASOLINE NOVEMBER 2022 (NYMEX:QRB.X22)
Sidelines Mode (-55) - QRB.X22 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.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QRB.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QRB.X22
The long-term trend has been DOWN since Jul 14th, 2022 at 2.5951
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 3.0163
The short-term trend has been UP since Aug 10th, 2022 at 2.5817
Smart Scan Analysis for QRB.X22
Based on our trend formula, QRB.X22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.4274||52wk High Date||2022-06-10|
|52wk Low||1.12||52wk Low Date||2020-10-29|