Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
RBOB GASOLINE Dec 2020 (NYMEX:RB.Z20)
Bull Market Weakness (+75) - RB.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RB.Z20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RB.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.Z20
The long-term trend has been DOWN since Feb 2nd, 2020 at 1.3857
The intermediate-term trend has been UP since May 5th, 2020 at 0.8784
The short-term trend has been UP since May 29th, 2020 at 0.9732
Smart Scan Analysis for RB.Z20
Based on our trend formula, RB.Z20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.013||Contract High Date||2018-10-09|
|Contract Low||1.4501||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|