Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
NY HARBOR ULSD HEATING OIL Jan 2024 (NYMEX:HO.F24)
Strong Downtrend (-100) - HO.F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HO.F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HO.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.F24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.7264
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 3.0120
The short-term trend has been DOWN since Nov 24th, 2023 at 2.7633
Smart Scan Analysis for HO.F24
Based on our trend formula, HO.F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).