Future Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
NY HARBOR ULSD HEATING OIL Aug 2021 (NYMEX:HO.Q21)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for HO.Q21
The long term trend has been DOWN since Aug 7th, 2019 at 1.7658
The intermediate term trend has been DOWN since Aug 7th, 2019 at 1.8343
The short term trend has been DOWN since Aug 7th, 2019 at 1.8200
Smart Scan Analysis for HO.Q21
Based on a pre-defined weighted trend formula for chart analysis, HO.Q21 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.2806||Contract High Date||2018-10-03|
|Contract Low||1.8933||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|