Future Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
NY HARBOR ULSD HEATING OIL Apr 2023 (NYMEX:HO.J23)
Long-Term Downtrend (-90) - HO.J23 is in a strong downtrend that is likely to continue. While HO.J23 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.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.J23
The long-term trend has been DOWN since Aug 5th, 2022 at 2.9550
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 2.6467
The short-term trend has been DOWN since Mar 29th, 2023 at 2.6990
Smart Scan Analysis for HO.J23
Based on our trend formula, HO.J23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).