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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.

NYMEX_HO.K23
Open High Low HO.K23 Price Change
3.2463 3.2463 3.2329 3.2335 -0.0251
Entry Signal

MarketClub’s Trade Triangles for HO.K23

long term up The long-term trend has been UP since Jan 5th, 2021 at 1.4030

intermediate term down The intermediate-term trend has been DOWN since Jun 28th, 2022 at 3.2319

short term up 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).

-55
Smart Scan Analysis for HO.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2463 3.2463 3.2329 3.2335 -0.0251
Prev. Close Volume Bid Ask Time
3.2586 206 2022-06-30 09:36:21
Expiration2023-04-28Open Time09:00
Close Time14:30
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