Future Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
NY HARBOR ULSD HEATING OIL Jul 2019 (E) (NYMEX:HO.N19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.N19.E
The long term trend has been UP since Sep 1st, 2017 at 1.6576
The intermediate term trend has been DOWN since Jun 5th, 2018 at 2.1425
The short term trend has been UP since Jun 20th, 2018 at 2.1265
Smart Scan Analysis for HO.N19.E
Based on a pre-defined weighted trend formula for chart analysis, HO.N19.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2206||Contract High Date||2018-05-18|
|Contract Low||1.507||Contract Low Date||2017-06-21|
|Estimated Volume||9||First Delivery||2019-07-30|