Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
NY HARBOR ULSD HEATING OIL Dec 2023 (NYMEX:HO.Z23)
Weak Downtrend (-65) - HO.Z23 is showing signs of a strengthening downtrend. Monitor HO.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HO.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z23
The long-term trend has been DOWN since Nov 8th, 2023 at 2.7683
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 3.0876
The short-term trend has been UP since Nov 30th, 2023 at 2.8966
Smart Scan Analysis for HO.Z23
Based on our trend formula, HO.Z23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).