Summary
The Mar’25 RBOB futures outright price reached above the upper Bollinger band on 15 Jan to a high of $2.20/gal and has since corrected to $2.14/gal on 21 Jan. The cracks have been fairly robust, and the Mar’25 RBOB futures crack (RBBR) has been gaining strength slowly this month as it rose from seeing support at the lower Bollinger band on 10 Jan to seeing some trepidation at the 20-day moving average on 20 Jan, although it broke past this on 21 Jan, to $10.35/bbl at the time of writing.
