Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
NY HARBOR ULSD HEATING OIL Aug 2023 (NYMEX:HO.Q23)
Crossroads (-60) - HO.Q23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HO.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Q23
The long-term trend has been UP since Aug 13th, 2021 at 1.9600
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 2.1371
The short-term trend has been DOWN since Nov 26th, 2021 at 2.1371
Smart Scan Analysis for HO.Q23
Based on our trend formula, HO.Q23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).