Future Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
NY HARBOR ULSD HEATING OIL Sep 2021 (NYMEX:HO.U21)
Countertrend Up (+85) - HO.U21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HO.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.U21
The long-term trend has been UP since Nov 25th, 2020 at 1.4370
The intermediate-term trend has been UP since Apr 12th, 2021 at 1.8467
The short-term trend has been DOWN since May 13th, 2021 at 2.0107
Smart Scan Analysis for HO.U21
Based on our trend formula, HO.U21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2743||Contract High Date||2018-10-03|
|Contract Low||1.8925||Contract Low Date||2018-11-23|
|Open Time||18:00||Close Time||17:00|