Future Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
NY HARBOR ULSD HEATING OIL Jan 2022 (NYMEX:HO.F22)
Long-Term Downtrend (-90) - HO.F22 is in a strong downtrend that is likely to continue. While HO.F22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HO.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.F22
The long-term trend has been DOWN since Aug 7th, 2019 at 1.830
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 1.705
The short-term trend has been DOWN since Feb 25th, 2020 at 1.735
Smart Scan Analysis for HO.F22
Based on our trend formula, HO.F22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2578||Contract High Date||2018-10-03|
|Contract Low||1.8915||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|