Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
NY HARBOR ULSD HEATING OIL Oct 2020 (NYMEX:HO.V20)
Sidelines Mode (+55) - HO.V20 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.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.V20
The long-term trend has been UP since Jul 21st, 2020 at 1.2792
The intermediate-term trend has been UP since May 17th, 2020 at 1.0569
The short-term trend has been DOWN since Aug 14th, 2020 at 1.2603
Smart Scan Analysis for HO.V20
Based on our trend formula, HO.V20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3567||Contract High Date||2018-10-03|
|Contract Low||1.891||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|