Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
NY HARBOR ULSD HEATING OIL Dec 2019 (NYMEX:HO.Z19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Sep 15th, 2019 at 2.0180
The intermediate term trend has been DOWN since Nov 8th, 2019 at 1.8729
The short term trend has been DOWN since Nov 29th, 2019 at 1.9480
Smart Scan Analysis for HO.Z19
Based on a pre-defined weighted trend formula for chart analysis, HO.Z19 scored -70 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|