Future Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
NY HARBOR ULSD HEATING OIL Dec 2019 (NYMEX:HO.Z19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.Z19
The long term trend has been DOWN since Nov 13th, 2018 at 2.1078
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 2.3024
The short term trend has been UP since Dec 7th, 2018 at 1.9640
Smart Scan Analysis for HO.Z19
Based on a pre-defined weighted trend formula for chart analysis, HO.Z19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4311||Contract High Date||2018-10-03|
|Contract Low||1.8805||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|