Future Trend Analysis Report
Prepared for you on Tuesday, September 27, 2022.
RBOB GASOLINE Oct 2023 (NYMEX:RB.V23)
Strong Downtrend (-100) - RB.V23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RB.V23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RB.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.V23
The long-term trend has been DOWN since Jun 21st, 2022 at 2.5190
The intermediate-term trend has been DOWN since Aug 16th, 2022 at 2.3369
The short-term trend has been DOWN since Sep 22nd, 2022 at 2.1900
Smart Scan Analysis for RB.V23
Based on our trend formula, RB.V23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).