Future Trend Analysis Report
Prepared for you on Tuesday, July 27, 2021.
NY HARBOR ULSD HEATING OIL Feb 2022 (NYMEX:HO.G22)
Bull Market Weakness (+75) - HO.G22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.G22 as it may be in the beginning stages of a reversal.
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 Dec 2nd, 2020 at 1.4530
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 2.0547
The short-term trend has been UP since Jul 22nd, 2021 at 2.0750
Smart Scan Analysis for HO.G22
Based on our trend formula, HO.G22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).