Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
NY HARBOR ULSD HEATING OIL Feb 2020 (NYMEX:HO.G20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.G20
The long term trend has been UP since Sep 15th, 2019 at 2.0082
The intermediate term trend has been UP since Oct 23rd, 2019 at 1.9162
The short term trend has been DOWN since Nov 13th, 2019 at 1.8861
Smart Scan Analysis for HO.G20
Based on a pre-defined weighted trend formula for chart analysis, HO.G20 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4229||Contract High Date||2018-10-03|
|Contract Low||1.8871||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|