Future Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
NY HARBOR ULSD HEATING OIL Oct 2020 (NYMEX:HO.V20)
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.V20
The long term trend has been DOWN since May 23rd, 2019 at 1.9924
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.8825
The short term trend has been DOWN since Jul 2nd, 2019 at 1.9049
Smart Scan Analysis for HO.V20
Based on a pre-defined weighted trend formula for chart analysis, HO.V20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.3567||Contract High Date||2018-10-03|
|Contract Low||1.891||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|