Future Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
NY HARBOR ULSD HEATING OIL May 2021 (NYMEX:HO.K21)
Bull Market Weakness (+75) - HO.K21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.K21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HO.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K21
The long-term trend has been UP since Nov 25th, 2020 at 1.3975
The intermediate-term trend has been DOWN since Mar 18th, 2021 at 1.7811
The short-term trend has been UP since Apr 8th, 2021 at 1.8053
Smart Scan Analysis for HO.K21
Based on our trend formula, HO.K21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3039||Contract High Date||2018-10-03|
|Contract Low||1.8816||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|