Future Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
NY HARBOR ULSD HEATING OIL Jan 2023 (NYMEX:HO.F23)
Countertrend Up (+85) - HO.F23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HO.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.F23
The long-term trend has been UP since Sep 15th, 2021 at 2.0760
The intermediate-term trend has been UP since Dec 27th, 2021 at 2.1860
The short-term trend has been DOWN since May 18th, 2022 at 3.2702
Smart Scan Analysis for HO.F23
Based on our trend formula, HO.F23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).