Future Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
NY HARBOR ULSD HEATING OIL Feb 2022 (NYMEX:HO.G22)
Bear Market Rally (-75) - HO.G22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HO.G22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HO.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.G22
The long-term trend has been DOWN since Dec 1st, 2021 at 2.0618
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 2.4142
The short-term trend has been UP since Dec 3rd, 2021 at 2.1123
Smart Scan Analysis for HO.G22
Based on our trend formula, HO.G22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).