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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

RBOB GASOLINE Dec 2023 (NYMEX:RB.Z23)

Sidelines Mode (-55) - RB.Z23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid RB.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for RB.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_RB.Z23
Open High Low RB.Z23 Price Change
2.2980 2.3190 2.2960 2.3134 +0.0425
Entry Signal

MarketClub’s Trade Triangles for RB.Z23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 2.3161

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2022 at 2.4242

short term up The short-term trend has been UP since Aug 18th, 2022 at 2.2960

Smart Scan Analysis for RB.Z23

Based on our trend formula, RB.Z23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for RB.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2980 2.3190 2.2960 2.3134 +0.0425
Prev. Close Volume Bid Ask Time
2.3089 185 2022-08-18 14:28:43
Expiration2023-11-30Open Time18:00
Close Time17:00
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