Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
RBOB GASOLINE May 2024 (NYMEX:RB.K24)
Bear Market Rally (-75) - RB.K24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RB.K24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RB.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.K24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.3384
The intermediate-term trend has been UP since Nov 30th, 2023 at 2.4671
The short-term trend has been DOWN since Dec 1st, 2023 at 2.3606
Smart Scan Analysis for RB.K24
Based on our trend formula, RB.K24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).