Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
NY HARBOR ULSD HEATING OIL Dec 2019 (NYMEX:HO.Z19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.Z19
The long term trend has been DOWN since May 31st, 2019 at 1.9130
The intermediate term trend has been DOWN since Jul 19th, 2019 at 1.8955
The short term trend has been UP since Aug 19th, 2019 at 1.8432
Smart Scan Analysis for HO.Z19
Based on a pre-defined weighted trend formula for chart analysis, HO.Z19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2.4311||Contract High Date||2018-10-03|
|Contract Low||1.8805||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|