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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.

NYMEX_HO.M20
Open High Low HO.M20 Price Change
0.9313 0.9970 0.9025 0.9970 +0.0662
Entry Signal

MarketClub’s Trade Triangles for HO.M20

long term down The long-term trend has been DOWN since Jan 26th, 2020 at 1.7385

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 0.9368

short term down 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).

+55
Smart Scan Analysis for HO.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9313 0.9970 0.9025 0.9970 +0.0662
Prev. Close Volume Bid Ask Time
1.0085 3464 2020-05-29 14:29:00
Contract High2.3806Contract High Date2018-10-03
Contract Low1.879Contract Low Date2018-11-28
First Delivery2020-06-29Expiration2020-05-29
Open Time18:00Close Time17:00
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