Future Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
NY HARBOR ULSD HEATING OIL Apr 2024 (NYMEX:HO.J24)
Bear Market Rally (-75) - HO.J24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HO.J24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HO.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.J24
The long-term trend has been DOWN since Jul 6th, 2022 at 2.8619
The intermediate-term trend has been DOWN since Mar 9th, 2023 at 2.5315
The short-term trend has been UP since Mar 28th, 2023 at 2.4700
Smart Scan Analysis for HO.J24
Based on our trend formula, HO.J24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).