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.
MarketClub’s Trade Triangles for RB.K20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.6592
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6141
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).
|Contract High||2.2769||Contract High Date||2018-10-03|
|Contract Low||1.679||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|