Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
NY HARBOR ULSD HEATING OIL Feb 2020 (NYMEX:HO.G20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 DOWN since May 30th, 2019 at 1.9414
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.8928
The short term trend has been UP since Jul 23rd, 2019 at 1.9273
Smart Scan Analysis for HO.G20
Based on a pre-defined weighted trend formula for chart analysis, HO.G20 scored -75 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||09:00||Close Time||14:30|