Future Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
RBOB GASOLINE Jan 2022 (NYMEX:RB.F22)
Long-Term Uptrend (+90) - RB.F22 is in a strong uptrend that is likely to continue. While RB.F22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RB.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.F22
The long-term trend has been UP since Nov 25th, 2020 at 1.2440
The intermediate-term trend has been UP since Jan 5th, 2021 at 1.3310
The short-term trend has been UP since Apr 12th, 2021 at 1.6971
Smart Scan Analysis for RB.F22
Based on our trend formula, RB.F22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).