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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.

NYMEX_RB.Q23
Open High Low RB.Q23 Price Change
2.2987 2.3054 2.2987 2.3030 -0.0307
Entry Signal

MarketClub’s Trade Triangles for RB.Q23

long term down The long-term trend has been DOWN since Jun 16th, 2022 at 2.793

intermediate term down The intermediate-term trend has been DOWN since Aug 31st, 2022 at 2.463

short term up 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).

-85
Smart Scan Analysis for RB.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2987 2.3054 2.2987 2.3030 -0.0307
Prev. Close Volume Bid Ask Time
2.3053 570 2022-09-30 14:30:20
Expiration2023-07-31Open Time18:00
Close Time17:00
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