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Future Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

NY HARBOR ULSD HEATING OIL Jun 2024 (NYMEX:HO.M24)

Countertrend Down (-85) - HO.M24 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.M24?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.M24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HO.M24
Open High Low HO.M24 Price Change
2.7550 2.7550 2.7550 2.7810 -0.0089
Entry Signal

MarketClub’s Trade Triangles for HO.M24

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 2.65

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2022 at 2.80

short term up The short-term trend has been UP since Aug 3rd, 2022 at 2.72

Smart Scan Analysis for HO.M24

Based on our trend formula, HO.M24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HO.M24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7550 2.7550 2.7550 2.7810 -0.0089
Prev. Close Volume Bid Ask Time
2.7550 92 2022-08-16 11:01:13
Expiration2024-05-31Open Time09:00
Close Time14:30
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