Future Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
NY HARBOR ULSD HEATING OIL Aug 2018 (E) (NYMEX:HO.Q18.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.Q18.E
The long term trend has been UP since Sep 1st, 2017 at 1.6465
The intermediate term trend has been DOWN since Oct 9th, 2017 at 1.6727
The short term trend has been UP since Oct 11th, 2017 at 1.7105
Smart Scan Analysis for HO.Q18.E
Based on a pre-defined weighted trend formula for chart analysis, HO.Q18.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.8915||Contract High Date||2015-08-03|
|Contract Low||1.35||Contract Low Date||2016-01-15|
|Estimated Volume||101||First Delivery||2018-08-30|