Future Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
NY HARBOR ULSD HEATING OIL Aug 2021 (NYMEX:HO.Q21)
Strong Downtrend (-100) - HO.Q21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HO.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Q21
The long-term trend has been DOWN since Sep 8th, 2020 at 1.2815
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 1.3713
The short-term trend has been DOWN since Sep 22nd, 2020 at 1.2510
Smart Scan Analysis for HO.Q21
Based on our trend formula, HO.Q21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2806||Contract High Date||2018-10-03|
|Contract Low||1.8933||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|