Future Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
NY HARBOR ULSD HEATING OIL Jan 2024 (NYMEX:HO.F24)
Countertrend Down (-85) - HO.F24 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.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.F24
The long-term trend has been DOWN since Dec 7th, 2022 at 2.6279
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 2.5774
The short-term trend has been UP since Mar 27th, 2023 at 2.5040
Smart Scan Analysis for HO.F24
Based on our trend formula, HO.F24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).