Future Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
NY HARBOR ULSD HEATING OIL Jun 2019 (NYMEX:HO.M19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.M19
The long term trend has been UP since Apr 5th, 2019 at 2.0399
The intermediate term trend has been DOWN since May 23rd, 2019 at 2.0271
The short term trend has been DOWN since May 20th, 2019 at 2.0870
Smart Scan Analysis for HO.M19
Based on a pre-defined weighted trend formula for chart analysis, HO.M19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4128||Contract High Date||2018-10-03|
|Contract Low||1.8177||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|