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Future Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

RBOB GASOLINE May 2020 (NYMEX:RB.K20)

Long-Term Downtrend (-90) - RB.K20 is in a strong downtrend that is likely to continue. While RB.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RB.K20?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_RB.K20
Open High Low RB.K20 Price Change
1.4879 1.5015 1.4518 1.4800 -0.0080
Entry Signal

MarketClub’s Trade Triangles for RB.K20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 1.6592

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6141

short term down The short-term trend has been DOWN since Feb 21st, 2020 at 1.7311

Smart Scan Analysis for RB.K20

Based on our trend formula, RB.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RB.K20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4879 1.5015 1.4518 1.4800 -0.0080
Prev. Close Volume Bid Ask Time
1.8490 59867 2020-02-28 14:33:06
Contract High2.2769Contract High Date2018-10-03
Contract Low1.679Contract Low Date2018-11-23
First Delivery2020-05-29Expiration2020-04-30
Open Time09:00Close Time14:30
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