Future Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
NY HARBOR ULSD HEATING OIL Jun 2020 (NYMEX:HO.M20)
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.M20
The long term trend has been UP since Dec 19th, 2019 at 1.9734
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.9296
The short term trend has been DOWN since Jan 21st, 2020 at 1.8411
Smart Scan Analysis for HO.M20
Based on a pre-defined weighted trend formula for chart analysis, HO.M20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3806||Contract High Date||2018-10-03|
|Contract Low||1.879||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|