Future Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
RBOB GASOLINE Aug 2023 (NYMEX:RB.Q23)
Countertrend Down (-85) - RB.Q23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RB.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.Q23
The long-term trend has been DOWN since Jun 16th, 2022 at 2.793
The intermediate-term trend has been DOWN since Aug 31st, 2022 at 2.463
The short-term trend has been UP since Sep 29th, 2022 at 2.335
Smart Scan Analysis for RB.Q23
Based on our trend formula, RB.Q23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).