Future Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
NY HARBOR ULSD HEATING OIL Sep 2020 (NYMEX:HO.U20)
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.U20
The long term trend has been DOWN since Jan 26th, 2020 at 1.7483
The intermediate term trend has been DOWN since Jan 8th, 2020 at 1.9264
The short term trend has been DOWN since Jan 8th, 2020 at 1.9787
Smart Scan Analysis for HO.U20
Based on a pre-defined weighted trend formula for chart analysis, HO.U20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3652||Contract High Date||2018-10-03|
|Contract Low||1.8905||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|