Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
NY HARBOR ULSD HEATING OIL Jul 2024 (NYMEX:HO.N24)
Long-Term Downtrend (-90) - HO.N24 is in a strong downtrend that is likely to continue. While HO.N24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HO.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.N24
The long-term trend has been DOWN since Nov 9th, 2023 at 2.5330
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.7291
The short-term trend has been DOWN since Nov 30th, 2023 at 2.5558
Smart Scan Analysis for HO.N24
Based on our trend formula, HO.N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).