Future Trend Analysis Report
Prepared for you on Thursday, December 8, 2022.
RBOB GASOLINE Sep 2023 (NYMEX:RB.U23)
Weak Downtrend (-65) - RB.U23 is showing signs of a strengthening downtrend. Monitor RB.U23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.U23
The long-term trend has been UP since Nov 2nd, 2022 at 2.5400
The intermediate-term trend has been DOWN since Nov 18th, 2022 at 2.3923
The short-term trend has been DOWN since Dec 5th, 2022 at 2.3965
Smart Scan Analysis for RB.U23
Based on our trend formula, RB.U23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).