Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
NY HARBOR ULSD HEATING OIL May 2024 (NYMEX:HO.K24)
Countertrend Down (-85) - HO.K24 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.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.K24
The long-term trend has been DOWN since Nov 8th, 2023 at 2.5691
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.7850
The short-term trend has been UP since Nov 30th, 2023 at 2.6512
Smart Scan Analysis for HO.K24
Based on our trend formula, HO.K24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).