Future Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
NY HARBOR ULSD HEATING OIL Oct 2018 (E) (NYMEX:HO.V18.E)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.V18.E
The long term trend has been DOWN since Mar 2nd, 2017 at 1.6750
The intermediate term trend has been DOWN since Apr 24th, 2017 at 1.6315
The short term trend has been DOWN since Apr 17th, 2017 at 1.7157
Smart Scan Analysis for HO.V18.E
Based on a pre-defined weighted trend formula for chart analysis, HO.V18.E scored -100 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||6||First Delivery||2018-10-30|