Future Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
NY HARBOR ULSD HEATING OIL May 2020 (NYMEX:HO.K20)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.K20
The long term trend has been UP since Sep 16th, 2019 at 1.9681
The intermediate term trend has been DOWN since Oct 1st, 2019 at 1.8074
The short term trend has been DOWN since Oct 21st, 2019 at 1.8260
Smart Scan Analysis for HO.K20
Based on a pre-defined weighted trend formula for chart analysis, HO.K20 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.38940000||Contract High Date||2018-10-03|
|Contract Low||1.87520000||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|