Future Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
NY HARBOR ULSD HEATING OIL Oct 2018 (E) (NYMEX:HO.V18.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.V18.E
The long term trend has been UP since Sep 1st, 2017 at 1.6523
The intermediate term trend has been UP since Mar 21st, 2018 at 1.9724
The short term trend has been DOWN since May 21st, 2018 at 2.2575
Smart Scan Analysis for HO.V18.E
Based on a pre-defined weighted trend formula for chart analysis, HO.V18.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2968||Contract High Date||2018-05-17|
|Contract Low||1.35||Contract Low Date||2016-01-19|
|Estimated Volume||6727||First Delivery||2018-10-30|