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.
MarketClub’s Trade Triangles for HO.Q23
The long-term trend has been UP since Aug 13th, 2021 at 1.9600
The intermediate-term trend has been DOWN since Jun 30th, 2022 at 3.0870
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).