Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
NY HARBOR ULSD HEATING OIL May 2020 (NYMEX:HO.K20)
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.K20
The long term trend has been DOWN since Jan 24th, 2020 at 1.7446
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.9607
The short term trend has been UP since Feb 12th, 2020 at 1.6488
Smart Scan Analysis for HO.K20
Based on a pre-defined weighted trend formula for chart analysis, HO.K20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3894||Contract High Date||2018-10-03|
|Contract Low||1.8752||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|