Future Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
NY HARBOR ULSD HEATING OIL Apr 2020 (NYMEX:HO.J20)
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.J20
The long term trend has been DOWN since May 30th, 2019 at 1.9300
The intermediate term trend has been DOWN since Jul 17th, 2019 at 1.8879
The short term trend has been DOWN since Jul 16th, 2019 at 1.9452
Smart Scan Analysis for HO.J20
Based on a pre-defined weighted trend formula for chart analysis, HO.J20 scored -90 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|