Future Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
NY HARBOR ULSD HEATING OIL Apr 2020 (NYMEX:HO.J20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.J20
The long term trend has been UP since Apr 8th, 2019 at 2.0611
The intermediate term trend has been DOWN since May 7th, 2019 at 2.0550
The short term trend has been UP since May 15th, 2019 at 2.0580
Smart Scan Analysis for HO.J20
Based on a pre-defined weighted trend formula for chart analysis, HO.J20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3984||Contract High Date||2018-10-03|
|Contract Low||1.8768||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|