Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
NY HARBOR ULSD HEATING OIL Aug 2019 (E) (NYMEX:HO.Q19.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.Q19.E
The long term trend has been UP since Sep 1st, 2017 at 1.6641
The intermediate term trend has been UP since Aug 24th, 2018 at 2.1705
The short term trend has been DOWN since Oct 8th, 2018 at 2.3816
Smart Scan Analysis for HO.Q19.E
Based on a pre-defined weighted trend formula for chart analysis, HO.Q19.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.418||Contract High Date||2018-10-03|
|Contract Low||1.5135||Contract Low Date||2017-06-26|
|Estimated Volume||136||First Delivery||2019-08-29|