Future Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
NY HARBOR ULSD HEATING OIL Jul 2020 (E) (NYMEX:HO.N20.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.N20.E
The long term trend has been UP since Sep 1st, 2017 at 1.7066
The intermediate term trend has been DOWN since Jul 16th, 2018 at 2.1110
The short term trend has been DOWN since Jul 11th, 2018 at 2.1672
Smart Scan Analysis for HO.N20.E
Based on a pre-defined weighted trend formula for chart analysis, HO.N20.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.1315||Contract High Date||2018-06-13|
|Contract Low||1.742||Contract Low Date||2017-10-19|
|Estimated Volume||2||First Delivery||2020-07-30|