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Future Trend Analysis Report

Prepared for you on Tuesday, January 31, 2023.

RBOB GASOLINE May 2023 (NYMEX:RB.K23)

Sidelines Mode (+55) - RB.K23 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.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K23.

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

NYMEX_RB.K23
Open High Low RB.K23 Price Change
2.6729 2.6729 2.6301 2.6355 -0.0327
Entry Signal

MarketClub’s Trade Triangles for RB.K23

long term up The long-term trend has been UP since Jan 20th, 2023 at 2.7998

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2022 at 2.5609

short term down The short-term trend has been DOWN since Jan 25th, 2023 at 2.7647

Smart Scan Analysis for RB.K23

Based on our trend formula, RB.K23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for RB.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6729 2.6729 2.6301 2.6355 -0.0327
Prev. Close Volume Bid Ask Time
2.7586 1117 2023-01-31 04:17:20
Expiration2023-04-28Open Time18:00
Close Time17:00
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