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Spread Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

NEW YORK HARBOR ULSD Jun 2023/Sep 2023 Spread (NYMEX:HO.M23_U23)

Long-Term Downtrend (-90) - HO.M23_U23 is in a strong downtrend that is likely to continue. While HO.M23_U23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HO.M23_U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.M23_U23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HO.M23_U23
Open High Low HO.M23_U23 Price Change
0.0924 0.0924 0.0831 0.0982 -0.0122
Entry Signal

MarketClub’s Trade Triangles for HO.M23_U23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for HO.M23_U23

Based on our trend formula, HO.M23_U23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HO.M23_U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0924 0.0924 0.0831 0.0982 -0.0122
Prev. Close Volume Bid Ask Time
0.1036 18 2022-06-28 10:00:13
Open Time09:00Close Time14:30
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