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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.

NYMEX_HO.N23
Open High Low HO.N23 Price Change
3.0200 3.0223 3.0200 3.0223 +0.0123
Entry Signal

MarketClub’s Trade Triangles for HO.N23

long term down The long-term trend has been DOWN since Aug 5th, 2022 at 2.8600

intermediate term down The intermediate-term trend has been DOWN since Jun 28th, 2022 at 3.1405

short term up 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).

-55
Smart Scan Analysis for HO.N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0200 3.0223 3.0200 3.0223 +0.0123
Prev. Close Volume Bid Ask Time
3.0100 34 2022-08-16 09:24:10
Expiration2023-06-30Open Time09:00
Close Time14:30
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