Future Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NY HARBOR ULSD HEATING OIL May 2019 (E) (NYMEX:HO.K19.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.K19.E
The long term trend has been UP since Sep 5th, 2017 at 1.6524
The intermediate term trend has been UP since Aug 24th, 2018 at 2.1600
The short term trend has been DOWN since Sep 21st, 2018 at 2.2095
Smart Scan Analysis for HO.K19.E
Based on a pre-defined weighted trend formula for chart analysis, HO.K19.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2627||Contract High Date||2018-09-04|
|Contract Low||1.5||Contract Low Date||2017-06-21|
|Estimated Volume||210||First Delivery||2019-05-30|