Future Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
NY HARBOR ULSD HEATING OIL Aug 2018 (E) (NYMEX:HO.Q18.E)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Mar 21st, 2018 at 1.9775
The short term trend has been UP since May 4th, 2018 at 2.1449
Smart Scan Analysis for HO.Q18.E
Based on a pre-defined weighted trend formula for chart analysis, HO.Q18.E scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.296||Contract High Date||2018-05-17|
|Contract Low||1.35||Contract Low Date||2016-01-15|
|Estimated Volume||4465||First Delivery||2018-08-30|