Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
NY HARBOR ULSD HEATING OIL Jan 2020 (NYMEX:HO.F20)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.F20
The long term trend has been UP since Sep 15th, 2019 at 2.0322
The intermediate term trend has been UP since Oct 23rd, 2019 at 1.9329
The short term trend has been UP since Nov 13th, 2019 at 1.9119
Smart Scan Analysis for HO.F20
Based on a pre-defined weighted trend formula for chart analysis, HO.F20 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4313||Contract High Date||2018-10-03|
|Contract Low||1.8861||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|