Future Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
RBOB GASOLINE Apr 2024 (NYMEX:RB.J24)
Sidelines Mode (+55) - RB.J24 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 RB.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.J24
The long-term trend has been UP since Jul 24th, 2023 at 2.4885
The intermediate-term trend has been UP since Sep 1st, 2023 at 2.5907
The short-term trend has been DOWN since Sep 19th, 2023 at 2.6858
Smart Scan Analysis for RB.J24
Based on our trend formula, RB.J24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).