Future Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
NY HARBOR ULSD HEATING OIL Apr 2020 (NYMEX:HO.J20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.J20
The long term trend has been DOWN since Nov 13th, 2018 at 2.1047
The intermediate term trend has been UP since Jan 9th, 2019 at 1.8845
The short term trend has been DOWN since Mar 22nd, 2019 at 2.0200
Smart Scan Analysis for HO.J20
Based on a pre-defined weighted trend formula for chart analysis, HO.J20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3984||Contract High Date||2018-10-03|
|Contract Low||1.8768||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|