Future Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
NY HARBOR ULSD HEATING OIL Jun 2019 (E) (NYMEX:HO.M19.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.M19.E
The long term trend has been UP since Sep 5th, 2017 at 1.6526
The intermediate term trend has been DOWN since Jul 16th, 2018 at 2.0888
The short term trend has been DOWN since Aug 15th, 2018 at 2.0748
Smart Scan Analysis for HO.M19.E
Based on a pre-defined weighted trend formula for chart analysis, HO.M19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2546||Contract High Date||2018-05-22|
|Contract Low||1.5||Contract Low Date||2016-02-23|
|Estimated Volume||463||First Delivery||2019-06-27|