Future Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
NY HARBOR ULSD HEATING OIL Oct 2021 (NYMEX:HO.V21)
Bear Market Rally (-75) - HO.V21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HO.V21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HO.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.V21
The long-term trend has been DOWN since Sep 8th, 2020 at 1.2977
The intermediate-term trend has been UP since Oct 6th, 2020 at 1.2902
The short-term trend has been DOWN since Oct 21st, 2020 at 1.2813
Smart Scan Analysis for HO.V21
Based on our trend formula, HO.V21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2682||Contract High Date||2018-10-03|
|Contract Low||1.8889||Contract Low Date||2018-11-23|
|Open Time||09:00||Close Time||14:30|