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Future Trend Analysis Report

Prepared for you on Thursday, October 6, 2022.

NY HARBOR ULSD HEATING OIL Sep 2023 (NYMEX:HO.U23)

Sidelines Mode (-55) - HO.U23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HO.U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HO.U23.

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

NYMEX_HO.U23
Open High Low HO.U23 Price Change
2.9150 2.9616 2.9150 2.9616 +0.0032
Entry Signal

MarketClub’s Trade Triangles for HO.U23

long term down The long-term trend has been DOWN since Sep 15th, 2022 at 2.8111

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2022 at 2.8716

short term up The short-term trend has been UP since Sep 28th, 2022 at 2.7875

Smart Scan Analysis for HO.U23

Based on our trend formula, HO.U23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HO.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9150 2.9616 2.9150 2.9616 +0.0032
Prev. Close Volume Bid Ask Time
2.9584 628 2022-10-06 12:22:13
Expiration2023-08-31Open Time09:00
Close Time14:30
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