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.
MarketClub’s Trade Triangles for RB.K23
The long-term trend has been UP since Jan 20th, 2023 at 2.7998
The intermediate-term trend has been UP since Dec 30th, 2022 at 2.5609
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).