Future Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
RBOB GASOLINE Dec 2022 (NYMEX:RB.Z22)
Weak Downtrend (-65) - RB.Z22 is showing signs of a strengthening downtrend. Monitor RB.Z22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RB.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RB.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RB.Z22
The long-term trend has been UP since Nov 24th, 2020 at 1.2521
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 1.8100
The short-term trend has been DOWN since Aug 3rd, 2021 at 1.8599
Smart Scan Analysis for RB.Z22
Based on our trend formula, RB.Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).