Future Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
RBOB GASOLINE Oct 2019 (NYMEX:RB.V19)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RB.V19
The long term trend has been DOWN since Jun 2nd, 2019 at 1.5462
The intermediate term trend has been DOWN since Jul 19th, 2019 at 1.6331
The short term trend has been DOWN since Aug 15th, 2019 at 1.5143
Smart Scan Analysis for RB.V19
Based on a pre-defined weighted trend formula for chart analysis, RB.V19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.13||Contract High Date||2018-10-03|
|Contract Low||1.4675||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|