Future Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
NY HARBOR ULSD HEATING OIL Aug 2019 (NYMEX:HO.Q19)
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.Q19
The long term trend has been DOWN since Nov 13th, 2018 at 2.0770
The intermediate term trend has been UP since Jan 9th, 2019 at 1.8420
The short term trend has been DOWN since Mar 22nd, 2019 at 2.0004
Smart Scan Analysis for HO.Q19
Based on a pre-defined weighted trend formula for chart analysis, HO.Q19 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4163||Contract High Date||2018-10-03|
|Contract Low||1.84||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|