Future Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
NY HARBOR ULSD HEATING OIL Aug 2020 (NYMEX:HO.Q20)
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.Q20
The long term trend has been DOWN since May 23rd, 2019 at 1.9754
The intermediate term trend has been UP since Oct 23rd, 2019 at 1.8320
The short term trend has been UP since Nov 13th, 2019 at 1.8590
Smart Scan Analysis for HO.Q20
Based on a pre-defined weighted trend formula for chart analysis, HO.Q20 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3711||Contract High Date||2018-10-03|
|Contract Low||1.8878||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|