Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
RBOB GASOLINE Jan 2023 (NYMEX:RB.F23)
Weak Downtrend (-65) - RB.F23 is showing signs of a strengthening downtrend. Monitor RB.F23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.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 18th, 2022 at 2.5638
Smart Scan Analysis for RB.F23
Based on our trend formula, RB.F23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).