Future Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
RBOB GASOLINE Nov 2022 (NYMEX:RB.X22)
Long-Term Uptrend (+90) - RB.X22 is in a strong uptrend that is likely to continue. While RB.X22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RB.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.X22
The long-term trend has been UP since Sep 15th, 2021 at 1.8860
The intermediate-term trend has been UP since Dec 29th, 2021 at 1.9847
The short-term trend has been UP since May 13th, 2022 at 2.9697
Smart Scan Analysis for RB.X22
Based on our trend formula, RB.X22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).