Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
NY HARBOR ULSD HEATING OIL Mar 2022 (NYMEX:HO.H22)
Countertrend Up (+85) - HO.H22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Dec 8th, 2020 at 1.4531
The intermediate-term trend has been UP since Nov 12th, 2020 at 1.3350
The short-term trend has been DOWN since Feb 26th, 2021 at 1.8279
Smart Scan Analysis for HO.H22
Based on our trend formula, HO.H22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).