Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
NY HARBOR ULSD HEATING OIL Feb 2022 (NYMEX:HO.G22)
Long-Term Uptrend (+90) - HO.G22 is in a strong uptrend that is likely to continue. While HO.G22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HO.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.G22
The long-term trend has been UP since Sep 16th, 2021 at 2.1861
The intermediate-term trend has been UP since Aug 29th, 2021 at 2.1000
The short-term trend has been UP since Oct 20th, 2021 at 2.5429
Smart Scan Analysis for HO.G22
Based on our trend formula, HO.G22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).