Future Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
NY HARBOR ULSD HEATING OIL May 2020 (NYMEX:HO.K20)
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.K20
The long term trend has been UP since Apr 8th, 2019 at 2.0415
The intermediate term trend has been DOWN since May 6th, 2019 at 2.0635
The short term trend has been DOWN since May 21st, 2019 at 2.0552
Smart Scan Analysis for HO.K20
Based on a pre-defined weighted trend formula for chart analysis, HO.K20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3894||Contract High Date||2018-10-03|
|Contract Low||1.8752||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|