Future Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
NY HARBOR ULSD HEATING OIL Apr 2020 (NYMEX:HO.J20)
Sidelines Mode (-55) - HO.J20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HO.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.J20
The long-term trend has been DOWN since Jan 24th, 2020 at 1.7559
The intermediate-term trend has been DOWN since Jan 8th, 2020 at 1.9752
The short-term trend has been UP since Feb 19th, 2020 at 1.6965
Smart Scan Analysis for HO.J20
Based on our trend formula, HO.J20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3984||Contract High Date||2018-10-03|
|Contract Low||1.8768||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|