Future Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NY HARBOR ULSD HEATING OIL Dec 2020 (E) (NYMEX:HO.Z20.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.Z20.E
The long term trend has been DOWN since Nov 15th, 2018 at 2.0724
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 2.2266
The short term trend has been DOWN since Nov 9th, 2018 at 2.1561
Smart Scan Analysis for HO.Z20.E
Based on a pre-defined weighted trend formula for chart analysis, HO.Z20.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3347||Contract High Date||2018-10-09|
|Contract Low||1.9455||Contract Low Date||2018-04-02|
|Estimated Volume||8||First Delivery||2020-12-30|