Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
RBOB GASOLINE Nov 2021 (NYMEX:RB.X21)
Sidelines Mode (+55) - RB.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.X21
The long-term trend has been UP since Nov 10th, 2020 at 1.2140
The intermediate-term trend has been UP since Aug 29th, 2021 at 2.0925
The short-term trend has been DOWN since Oct 27th, 2021 at 2.4819
Smart Scan Analysis for RB.X21
Based on our trend formula, RB.X21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||1.9752||Contract High Date||2018-10-09|
|Contract Low||1.4213||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|