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Future Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

NY HARBOR ULSD HEATING OIL Jul 2020 (NYMEX:HO.N20)

Sidelines Mode (+55) - HO.N20 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.N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.N20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HO.N20
Open High Low HO.N20 Price Change
0.9899 0.9950 0.9730 0.9920 +0.0023
Entry Signal

MarketClub’s Trade Triangles for HO.N20

long term down The long-term trend has been DOWN since Jan 24th, 2020 at 1.7463

intermediate term up The intermediate-term trend has been UP since May 17th, 2020 at 0.9708

short term down The short-term trend has been DOWN since May 27th, 2020 at 1.0065

Smart Scan Analysis for HO.N20

Based on our trend formula, HO.N20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HO.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9899 0.9950 0.9730 0.9920 +0.0023
Prev. Close Volume Bid Ask Time
1.0348 866 2020-05-27 22:09:35
Contract High2.3751Contract High Date2018-10-03
Contract Low1.8835Contract Low Date2018-11-28
First Delivery2020-07-30Expiration2020-06-30
Open Time18:00Close Time17:00
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