Future Trend Analysis Report
Prepared for you on Saturday, September 19, 2020.
NY HARBOR ULSD HEATING OIL May 2021 (NYMEX:HO.K21)
Countertrend Down (-85) - HO.K21 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HO.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K21
The long-term trend has been DOWN since Sep 8th, 2020 at 1.2051
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 1.3197
The short-term trend has been UP since Sep 16th, 2020 at 1.2071
Smart Scan Analysis for HO.K21
Based on our trend formula, HO.K21 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3039||Contract High Date||2018-10-03|
|Contract Low||1.8816||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|