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.
MarketClub’s Trade Triangles for HO.H23
The long-term trend has been DOWN since Aug 8th, 2022 at 2.9755
The intermediate-term trend has been DOWN since Sep 14th, 2022 at 3.1461
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).