Future Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
NY HARBOR ULSD HEATING OIL May 2017 (E) (NYMEX:HO.K17.E)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 HO.K17.E
The long term trend has been DOWN since Mar 2nd, 2017 at 1.6081
The intermediate term trend has been DOWN since Apr 24th, 2017 at 1.5427
The short term trend has been DOWN since Apr 17th, 2017 at 1.6375
Smart Scan Analysis for HO.K17.E
Based on a pre-defined weighted trend formula for chart analysis, HO.K17.E scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.6775||Contract High Date||2014-09-29|
|Contract Low||1.1285||Contract Low Date||2016-01-21|
|Estimated Volume||1455||First Delivery||2017-05-30|