Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
NY HARBOR ULSD HEATING OIL Sep 2022 (NYMEX:HO.U22)
Bull Market Weakness (+75) - HO.U22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.U22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HO.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.U22
The long-term trend has been UP since Jan 12th, 2022 at 2.4085
The intermediate-term trend has been UP since Dec 22nd, 2021 at 2.1955
The short-term trend has been UP since Jun 24th, 2022 at 4.1669
Smart Scan Analysis for HO.U22
Based on our trend formula, HO.U22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).