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Future Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

NY HARBOR ULSD HEATING OIL Aug 2020 (NYMEX:HO.Q20)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NYMEX_HO.Q20
Open High Low HO.Q20 Price Change
1.9481 1.9481 1.9390 1.9390 +0.0026
Entry Signal

MarketClub’s Trade Triangles for HO.Q20

long term down The long term trend has been DOWN since May 23rd, 2019 at 1.9754

intermediate term down The intermediate term trend has been DOWN since Apr 29th, 2019 at 2.0738

short term down The short term trend has been DOWN since Apr 29th, 2019 at 2.0738

Smart Scan Analysis for HO.Q20

Based on a pre-defined weighted trend formula for chart analysis, HO.Q20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HO.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9481 1.9481 1.9390 1.9390 +0.0026
Prev. Close Volume Bid Ask Time
1.9165 5 2019-05-24 11:27:35
Contract High2.3711Contract High Date2018-10-03
Contract Low1.8878Contract Low Date2018-11-28
First Delivery2020-08-28Expiration2020-07-31
Open Time09:00Close Time14:30
Want to analyze NY HARBOR ULSD HEATING OIL Aug 2020 HO.Q20 or another symbol? Try our Free Future Trend Analysis Report.