Future Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
NY HARBOR ULSD HEATING OIL Jan 2020 (NYMEX:HO.F20)
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.F20
The long term trend has been UP since Sep 15th, 2019 at 2.0322
The intermediate term trend has been DOWN since Nov 19th, 2019 at 1.8654
The short term trend has been UP since Nov 21st, 2019 at 1.8993
Smart Scan Analysis for HO.F20
Based on a pre-defined weighted trend formula for chart analysis, HO.F20 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4313||Contract High Date||2018-10-03|
|Contract Low||1.8861||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|