Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
NY HARBOR ULSD HEATING OIL Feb 2024 (NYMEX:HO.G24)
Strong Downtrend (-100) - HO.G24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HO.G24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HO.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.G24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.7000
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 2.9415
The short-term trend has been DOWN since Nov 30th, 2023 at 2.7122
Smart Scan Analysis for HO.G24
Based on our trend formula, HO.G24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).