Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
NY HARBOR ULSD HEATING OIL Oct 2020 (NYMEX:HO.V20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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.V20
The long term trend has been DOWN since May 23rd, 2019 at 1.9924
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1.8277
The short term trend has been UP since Dec 4th, 2019 at 1.8813
Smart Scan Analysis for HO.V20
Based on a pre-defined weighted trend formula for chart analysis, HO.V20 scored -55 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||09:00||Close Time||14:30|