Future Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
NY HARBOR ULSD HEATING OIL Mar 2022 (NYMEX:HO.H22)
Long-Term Uptrend (+90) - HO.H22 is in a strong uptrend that is likely to continue. While HO.H22 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.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.H22
The long-term trend has been UP since Jan 11th, 2022 at 2.5242
The intermediate-term trend has been UP since Dec 22nd, 2021 at 2.2638
The short-term trend has been UP since Jan 23rd, 2022 at 2.6434
Smart Scan Analysis for HO.H22
Based on our trend formula, HO.H22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).