Future Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
NY HARBOR ULSD HEATING OIL Jun 2023 (NYMEX:QHO.M23)
Strong Downtrend (-100) - QHO.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QHO.M23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QHO.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QHO.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QHO.M23
The long-term trend has been DOWN since Sep 15th, 2022 at 2.8542
The intermediate-term trend has been DOWN since Apr 20th, 2023 at 2.4898
The short-term trend has been DOWN since May 25th, 2023 at 2.3317
Smart Scan Analysis for QHO.M23
Based on our trend formula, QHO.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.4571||52wk High Date||2022-06-14|
|52wk Low||1.304||52wk Low Date||2020-11-01|