Future Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
NY HARBOR ULSD HEATING OIL Nov 2020 (NYMEX:HO.X20)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.X20
The long term trend has been DOWN since Nov 13th, 2018 at 2.0705
The intermediate term trend has been UP since Jan 10th, 2019 at 1.8875
The short term trend has been UP since Jan 4th, 2019 at 1.8155
Smart Scan Analysis for HO.X20
Based on a pre-defined weighted trend formula for chart analysis, HO.X20 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3497||Contract High Date||2018-10-03|
|Contract Low||1.8931||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|