Future Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
NY HARBOR ULSD HEATING OIL Jul 2023 (NYMEX:HO.N23)
Sidelines Mode (-55) - HO.N23 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.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.N23
The long-term trend has been DOWN since Aug 5th, 2022 at 2.8600
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 3.1405
The short-term trend has been UP since Aug 10th, 2022 at 2.9856
Smart Scan Analysis for HO.N23
Based on our trend formula, HO.N23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).