Future Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
NY HARBOR ULSD HEATING OIL Feb 2021 (NYMEX:HO.G21)
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.G21
The long term trend has been DOWN since Jun 3rd, 2019 at 1.9211
The intermediate term trend has been DOWN since Oct 30th, 2019 at 1.8300
The short term trend has been DOWN since Oct 30th, 2019 at 1.8300
Smart Scan Analysis for HO.G21
Based on a pre-defined weighted trend formula for chart analysis, HO.G21 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3427||Contract High Date||2018-10-03|
|Contract Low||1.8982||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|