Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
NY HARBOR ULSD HEATING OIL Oct 2019 (NYMEX:HO.V19)
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.V19
The long term trend has been DOWN since Nov 13th, 2018 at 2.0927
The intermediate term trend has been UP since Jan 9th, 2019 at 1.8730
The short term trend has been UP since Feb 12th, 2019 at 1.9353
Smart Scan Analysis for HO.V19
Based on a pre-defined weighted trend formula for chart analysis, HO.V19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4251||Contract High Date||2018-10-03|
|Contract Low||1.8632||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|