Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Sunday, July 12, 2020.

RBOB GASOLINE Nov 2020 (NYMEX:RB.X20)

Sidelines Mode (-55) - RB.X20 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.X20?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.X20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_RB.X20
Open High Low RB.X20 Price Change
1.1364 1.1364 1.1289 1.1289 -0.0149
Entry Signal

MarketClub’s Trade Triangles for RB.X20

long term down The long-term trend has been DOWN since Jan 26th, 2020 at 1.4348

intermediate term up The intermediate-term trend has been UP since May 6th, 2020 at 0.8662

short term down The short-term trend has been DOWN since Jul 10th, 2020 at 1.1188

Smart Scan Analysis for RB.X20

Based on our trend formula, RB.X20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for RB.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1364 1.1364 1.1289 1.1289 -0.0149
Prev. Close Volume Bid Ask Time
1.0443 26 2020-07-12 20:42:35
Contract High2.0399Contract High Date2018-10-09
Contract Low1.4719Contract Low Date2018-11-23
First Delivery2020-11-30Expiration2020-10-30
Open Time18:00Close Time17:00
Get a free daily analysis and signals for RBOB GASOLINE Nov 2020 (RB.X20) - Request Your Free Report.