Future Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
NY HARBOR ULSD HEATING OIL Jun 2019 (NYMEX:HO.M19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.M19
The long term trend has been DOWN since Nov 13th, 2018 at 2.0677
The intermediate term trend has been UP since Jan 7th, 2019 at 1.7931
The short term trend has been UP since Mar 20th, 2019 at 1.9920
Smart Scan Analysis for HO.M19
Based on a pre-defined weighted trend formula for chart analysis, HO.M19 scored +70 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|