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Future Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

NY HARBOR ULSD HEATING OIL Aug 2023 (NYMEX:HO.Q23)

Weak Downtrend (-65) - HO.Q23 is showing signs of a strengthening downtrend. Monitor HO.Q23 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid HO.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Q23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HO.Q23
Open High Low HO.Q23 Price Change
3.0476 3.0476 2.9750 2.9750 -0.1567
Entry Signal

MarketClub’s Trade Triangles for HO.Q23

long term up The long-term trend has been UP since Aug 13th, 2021 at 1.9600

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2022 at 3.0870

short term down The short-term trend has been DOWN since Jun 22nd, 2022 at 3.2981

Smart Scan Analysis for HO.Q23

Based on our trend formula, HO.Q23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HO.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0476 3.0476 2.9750 2.9750 -0.1567
Prev. Close Volume Bid Ask Time
3.0900 141 2022-07-05 14:42:26
Expiration2023-07-31Open Time18:00
Close Time17:00
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