Future Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
NY HARBOR ULSD HEATING OIL Jun 2023 (NYMEX:HO.M23)
Sidelines Mode (-55) - HO.M23 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.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.M23
The long-term trend has been UP since Sep 29th, 2021 at 2.043
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 2.229
The short-term trend has been UP since Dec 3rd, 2021 at 2.030
Smart Scan Analysis for HO.M23
Based on our trend formula, HO.M23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).