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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.

NYMEX_HO.N24
Open High Low HO.N24 Price Change
2.4220 2.4540 2.4220 2.4394 +0.0235
Entry Signal

MarketClub’s Trade Triangles for HO.N24

long term down The long-term trend has been DOWN since Nov 9th, 2023 at 2.5330

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.7291

short term down 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).

-90
Smart Scan Analysis for HO.N24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4220 2.4540 2.4220 2.4394 +0.0235
Prev. Close Volume Bid Ask Time
2.4390 1590 2023-12-08 15:16:37
Expiration2024-06-28Open Time09:00
Close Time14:30
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