Future Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
NY HARBOR ULSD HEATING OIL Dec 2022 (NYMEX:HO.Z22)
Weak Downtrend (-65) - HO.Z22 is showing signs of a strengthening downtrend. Monitor HO.Z22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HO.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z22
The long-term trend has been UP since Jan 12th, 2022 at 2.3955
The intermediate-term trend has been DOWN since Jun 26th, 2022 at 3.7757
The short-term trend has been DOWN since Jun 17th, 2022 at 3.8677
Smart Scan Analysis for HO.Z22
Based on our trend formula, HO.Z22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).