Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
RBOB GASOLINE Jan 2024 (NYMEX:RB.F24)
Weak Downtrend (-65) - RB.F24 is showing signs of a strengthening downtrend. Monitor RB.F24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.F24
The long-term trend has been UP since Jul 24th, 2023 at 2.3285
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 2.4008
The short-term trend has been DOWN since Sep 20th, 2023 at 2.5071
Smart Scan Analysis for RB.F24
Based on our trend formula, RB.F24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).