Future Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
RBOB GASOLINE Sep 2020 (NYMEX:RB.U20)
Sidelines Mode (-55) - RB.U20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RB.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.U20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.5778
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 1.1789
The short-term trend has been UP since Aug 3rd, 2020 at 1.2122
Smart Scan Analysis for RB.U20
Based on our trend formula, RB.U20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.1984||Contract High Date||2018-10-09|
|Contract Low||1.6226||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|