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Future Trend Analysis Report

Prepared for you on Saturday, October 1, 2022.

NY HARBOR ULSD HEATING OIL Mar 2023 (NYMEX:HO.H23)

Long-Term Downtrend (-90) - HO.H23 is in a strong downtrend that is likely to continue. While HO.H23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HO.H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.H23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HO.H23
Open High Low HO.H23 Price Change
3.0089 3.0116 2.9346 2.9463 -0.0473
Entry Signal

MarketClub’s Trade Triangles for HO.H23

long term down The long-term trend has been DOWN since Aug 8th, 2022 at 2.9755

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2022 at 3.1461

short term down The short-term trend has been DOWN since Sep 23rd, 2022 at 3.0250

Smart Scan Analysis for HO.H23

Based on our trend formula, HO.H23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HO.H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0089 3.0116 2.9346 2.9463 -0.0473
Prev. Close Volume Bid Ask Time
2.9587 7085 2022-09-30 16:20:43
Expiration2023-02-28Open Time09:00
Close Time14:30
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