Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NY HARBOR ULSD HEATING OIL Jan 2024 (NYMEX:HO.F24)
Sidelines Mode (+55) - HO.F24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 29th, 2021 at 2.0963
The intermediate-term trend has been UP since Apr 5th, 2022 at 2.6720
The short-term trend has been DOWN since Jun 22nd, 2022 at 2.9488
Smart Scan Analysis for HO.F24
Based on our trend formula, HO.F24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).