Future Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
NY HARBOR ULSD HEATING OIL Dec 2020 (NYMEX:HO.Z20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.Z20
The long term trend has been DOWN since May 23rd, 2019 at 1.9311
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.8736
The short term trend has been UP since Aug 20th, 2019 at 1.8085
Smart Scan Analysis for HO.Z20
Based on a pre-defined weighted trend formula for chart analysis, HO.Z20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3442||Contract High Date||2018-10-03|
|Contract Low||1.8955||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|