Future Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
NY HARBOR ULSD HEATING OIL Mar 2020 (NYMEX:HO.H20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.H20
The long term trend has been UP since Sep 15th, 2019 at 2.0035
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.9733
The short term trend has been DOWN since Jan 8th, 2020 at 2.0091
Smart Scan Analysis for HO.H20
Based on a pre-defined weighted trend formula for chart analysis, HO.H20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4114||Contract High Date||2018-10-03|
|Contract Low||1.8855||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|