Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
RBOB GASOLINE Jun 2024 (NYMEX:RB.M24)
Crossroads (-60) - RB.M24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RB.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.M24
The long-term trend has been UP since Jul 24th, 2023 at 2.4550
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 2.5622
The short-term trend has been DOWN since Sep 18th, 2023 at 2.6531
Smart Scan Analysis for RB.M24
Based on our trend formula, RB.M24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).