Future Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
RBOB GASOLINE May 2021 (NYMEX:RB.K21)
Long-Term Uptrend (+90) - RB.K21 is in a strong uptrend that is likely to continue. While RB.K21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RB.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.K21
The long-term trend has been UP since Nov 24th, 2020 at 1.4120
The intermediate-term trend has been UP since Nov 9th, 2020 at 1.3217
The short-term trend has been UP since Mar 4th, 2021 at 1.9437
Smart Scan Analysis for RB.K21
Based on our trend formula, RB.K21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2219||Contract High Date||2018-10-09|
|Contract Low||1.6639||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|