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.
MarketClub’s Trade Triangles for HO.U23
The long-term trend has been DOWN since Sep 15th, 2022 at 2.8111
The intermediate-term trend has been DOWN since Sep 7th, 2022 at 2.8716
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).