Future Trend Analysis Report
Prepared for you on Saturday, July 20, 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 May 31st, 2019 at 1.8778
The intermediate term trend has been UP since Jun 25th, 2019 at 1.9369
The short term trend has been DOWN since Jul 19th, 2019 at 1.8822
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|