Future Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
NY HARBOR ULSD HEATING OIL Jul 2019 (NYMEX:HO.N19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.N19
The long term trend has been UP since Apr 5th, 2019 at 2.0422
The intermediate term trend has been UP since Jan 7th, 2019 at 1.8011
The short term trend has been DOWN since Apr 14th, 2019 at 2.0732
Smart Scan Analysis for HO.N19
Based on a pre-defined weighted trend formula for chart analysis, HO.N19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4137||Contract High Date||2018-10-03|
|Contract Low||1.8283||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|