Future Trend Analysis Report
Prepared for you on Wednesday, February 19, 2020.
RBOB GASOLINE Aug 2020 (NYMEX:RB.Q20)
Bull Market Weakness (+75) - RB.Q20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RB.Q20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RB.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.Q20
The long-term trend has been DOWN since Jan 27th, 2020 at 1.6134
The intermediate-term trend has been UP since Feb 18th, 2020 at 1.6811
The short-term trend has been UP since Feb 5th, 2020 at 1.6270
Smart Scan Analysis for RB.Q20
Based on our trend formula, RB.Q20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2244||Contract High Date||2018-10-09|
|Contract Low||1.6408||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|