Future Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
RBOB GASOLINE Dec 2020 (NYMEX:RB.Z20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RB.Z20
The long term trend has been DOWN since Jun 3rd, 2019 at 1.4875
The intermediate term trend has been DOWN since Sep 30th, 2019 at 1.4212
The short term trend has been UP since Oct 7th, 2019 at 1.4214
Smart Scan Analysis for RB.Z20
Based on a pre-defined weighted trend formula for chart analysis, RB.Z20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.01300000||Contract High Date||2018-10-09|
|Contract Low||1.45010000||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|