Future Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
NY HARBOR ULSD HEATING OIL Sep 2019 (NYMEX:HO.U19)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.U19
The long term trend has been DOWN since May 31st, 2019 at 1.8868
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.8768
The short term trend has been DOWN since Jul 14th, 2019 at 1.9776
Smart Scan Analysis for HO.U19
Based on a pre-defined weighted trend formula for chart analysis, HO.U19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4209||Contract High Date||2018-10-03|
|Contract Low||1.8523||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|