Future Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
NY HARBOR ULSD HEATING OIL Oct 2018 (E) (NYMEX:HO.V18.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.V18.E
The long term trend has been DOWN since Mar 2nd, 2017 at 1.6750
The intermediate term trend has been UP since Jul 3rd, 2017 at 1.5405
The short term trend has been DOWN since Aug 10th, 2017 at 1.6419
Smart Scan Analysis for HO.V18.E
Based on a pre-defined weighted trend formula for chart analysis, HO.V18.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.83||Contract High Date||2015-09-22|
|Contract Low||1.35||Contract Low Date||2016-01-19|
|Estimated Volume||130||First Delivery||2018-10-30|