Future Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
NY HARBOR ULSD HEATING OIL Apr 2022 (NYMEX:HO.J22)
Bull Market Weakness (+75) - HO.J22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.J22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HO.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.J22
The long-term trend has been UP since Sep 15th, 2021 at 2.1537
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 2.3534
The short-term trend has been UP since Dec 3rd, 2021 at 2.0572
Smart Scan Analysis for HO.J22
Based on our trend formula, HO.J22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).