Future Trend Analysis Report
Prepared for you on Friday, September 25, 2020.
NY HARBOR ULSD HEATING OIL Nov 2020 (NYMEX:HO.X20)
Countertrend Down (-85) - HO.X20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HO.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.X20
The long-term trend has been DOWN since Sep 8th, 2020 at 1.1220
The intermediate-term trend has been DOWN since Aug 21st, 2020 at 1.2523
The short-term trend has been UP since Sep 24th, 2020 at 1.1283
Smart Scan Analysis for HO.X20
Based on our trend formula, HO.X20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3497||Contract High Date||2018-10-03|
|Contract Low||1.8931||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|