Future Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
NY HARBOR ULSD HEATING OIL Sep 2024 (NYMEX:HO.U24)
Countertrend Down (-85) - HO.U24 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HO.U24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.U24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.U24
The long-term trend has been DOWN since Dec 9th, 2022 at 2.6500
The intermediate-term trend has been DOWN since Apr 20th, 2023 at 2.4175
The short-term trend has been UP since May 17th, 2023 at 2.3075
Smart Scan Analysis for HO.U24
Based on our trend formula, HO.U24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).