Future Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
NY HARBOR ULSD HEATING OIL Sep 2020 (NYMEX:HO.U20)
Bear Market Rally (-75) - HO.U20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HO.U20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HO.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.U20
The long-term trend has been DOWN since Jan 26th, 2020 at 1.7483
The intermediate-term trend has been DOWN since Jan 8th, 2020 at 1.9264
The short-term trend has been DOWN since Apr 9th, 2020 at 1.1746
Smart Scan Analysis for HO.U20
Based on our trend formula, HO.U20 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3652||Contract High Date||2018-10-03|
|Contract Low||1.8905||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|