Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
NY HARBOR ULSD HEATING OIL Aug 2022 (NYMEX:HO.Q22)
Bull Market Weakness (+75) - HO.Q22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HO.Q22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HO.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Q22
The long-term trend has been UP since Sep 15th, 2021 at 2.1110
The intermediate-term trend has been UP since Sep 1st, 2021 at 2.0540
The short-term trend has been DOWN since Oct 21st, 2021 at 2.3751
Smart Scan Analysis for HO.Q22
Based on our trend formula, HO.Q22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).