Future Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
RBOB GASOLINE May 2022 (NYMEX:RB.K22)
Countertrend Down (-85) - RB.K22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RB.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.K22
The long-term trend has been DOWN since Dec 1st, 2021 at 2.0811
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 2.3689
The short-term trend has been UP since Dec 6th, 2021 at 2.1165
Smart Scan Analysis for RB.K22
Based on our trend formula, RB.K22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).