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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.

NYMEX_RB.U20
Open High Low RB.U20 Price Change
1.2230 1.2496 1.2139 1.2466 +0.0238
Entry Signal

MarketClub’s Trade Triangles for RB.U20

long term down The long-term trend has been DOWN since Feb 2nd, 2020 at 1.5778

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2020 at 1.1789

short term up 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).

-55
Smart Scan Analysis for RB.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2230 1.2496 1.2139 1.2466 +0.0238
Prev. Close Volume Bid Ask Time
1.1392 21739 2020-08-06 12:10:17
Contract High2.1984Contract High Date2018-10-09
Contract Low1.6226Contract Low Date2018-11-23
First Delivery2020-09-30Expiration2020-08-31
Open Time18:00Close Time17:00
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