Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
NY HARBOR ULSD HEATING OIL Oct 2019 (NYMEX:HO.V19)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.V19
The long term trend has been DOWN since May 31st, 2019 at 1.9030
The intermediate term trend has been UP since Jun 24th, 2019 at 1.9499
The short term trend has been UP since Jul 23rd, 2019 at 1.9210
Smart Scan Analysis for HO.V19
Based on a pre-defined weighted trend formula for chart analysis, HO.V19 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4251||Contract High Date||2018-10-03|
|Contract Low||1.8632||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|