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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.

NYMEX_RB.X22
Open High Low RB.X22 Price Change
2.9894 3.0978 2.9894 3.0625 +0.0196
Entry Signal

MarketClub’s Trade Triangles for RB.X22

long term up The long-term trend has been UP since Sep 15th, 2021 at 1.8860

intermediate term up The intermediate-term trend has been UP since Dec 29th, 2021 at 1.9847

short term up 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).

+90
Smart Scan Analysis for RB.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9894 3.0978 2.9894 3.0625 +0.0196
Prev. Close Volume Bid Ask Time
3.0352 3484 2022-05-16 17:28:50
Expiration2022-10-31Open Time18:00
Close Time17:00
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