Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
NY HARBOR ULSD HEATING OIL Jun 2020 (NYMEX:HO.M20)
Sidelines Mode (+55) - HO.M20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HO.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.M20
The long-term trend has been DOWN since Jan 26th, 2020 at 1.7385
The intermediate-term trend has been UP since May 17th, 2020 at 0.9368
The short-term trend has been DOWN since May 29th, 2020 at 0.9175
Smart Scan Analysis for HO.M20
Based on our trend formula, HO.M20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3806||Contract High Date||2018-10-03|
|Contract Low||1.879||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|