Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NY HARBOR ULSD HEATING OIL Jun 2024 (NYMEX:HO.M24)
Bull Market Weakness (+75) - HO.M24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.M24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HO.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.M24
The long-term trend has been UP since Jun 7th, 2021 at 1.940
The intermediate-term trend has been UP since Apr 26th, 2022 at 2.672
The short-term trend has been UP since Apr 26th, 2022 at 2.672
Smart Scan Analysis for HO.M24
Based on our trend formula, HO.M24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).