Future Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
NY HARBOR ULSD HEATING OIL May 2023 (NYMEX:HO.K23)
Long-Term Downtrend (-90) - HO.K23 is in a strong downtrend that is likely to continue. While HO.K23 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.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K23
The long-term trend has been DOWN since Sep 15th, 2022 at 2.8844
The intermediate-term trend has been DOWN since Mar 9th, 2023 at 2.6254
The short-term trend has been DOWN since Mar 24th, 2023 at 2.5500
Smart Scan Analysis for HO.K23
Based on our trend formula, HO.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).