Future Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
NY HARBOR ULSD HEATING OIL Nov 2020 (NYMEX:HO.X20)
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.X20
The long term trend has been DOWN since May 23rd, 2019 at 1.9791
The intermediate term trend has been DOWN since Aug 1st, 2019 at 1.8526
The short term trend has been DOWN since Aug 15th, 2019 at 1.7940
Smart Scan Analysis for HO.X20
Based on a pre-defined weighted trend formula for chart analysis, HO.X20 scored -90 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|