Future Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
NY HARBOR ULSD HEATING OIL May 2022 (NYMEX:HO.K22)
Countertrend Up (+85) - HO.K22 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.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K22
The long-term trend has been UP since Sep 15th, 2021 at 2.1403
The intermediate-term trend has been UP since Aug 30th, 2021 at 2.0657
The short-term trend has been DOWN since Oct 18th, 2021 at 2.4285
Smart Scan Analysis for HO.K22
Based on our trend formula, HO.K22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).