Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NY HARBOR ULSD HEATING OIL May 2023 (NYMEX:HO.K23)
Sidelines Mode (-55) - HO.K23 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.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K23
The long-term trend has been UP since Jan 5th, 2021 at 1.4030
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 3.2319
The short-term trend has been UP since Jun 29th, 2022 at 3.3100
Smart Scan Analysis for HO.K23
Based on our trend formula, HO.K23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).