Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
NY HARBOR ULSD HEATING OIL Oct 2022 (NYMEX:HO.V22)
Long-Term Uptrend (+90) - HO.V22 is in a strong uptrend that is likely to continue. While HO.V22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HO.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.V22
The long-term trend has been UP since Dec 1st, 2020 at 1.4175
The intermediate-term trend has been UP since Oct 23rd, 2020 at 1.3555
The short-term trend has been UP since Feb 17th, 2021 at 1.7275
Smart Scan Analysis for HO.V22
Based on our trend formula, HO.V22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).