Future Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
RBOB GASOLINE Feb 2020 (NYMEX:RB.G20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 RB.G20
The long term trend has been DOWN since Jun 3rd, 2019 at 1.4980
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.5573
The short term trend has been UP since Aug 20th, 2019 at 1.4734
Smart Scan Analysis for RB.G20
Based on a pre-defined weighted trend formula for chart analysis, RB.G20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.0823||Contract High Date||2018-10-03|
|Contract Low||1.447||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|