Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
NY HARBOR ULSD HEATING OIL Nov 2022 (NYMEX:HO.X22)
Weak Downtrend (-65) - HO.X22 is showing signs of a strengthening downtrend. Monitor HO.X22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HO.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.X22
The long-term trend has been UP since Sep 15th, 2021 at 2.0835
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 3.8749
The short-term trend has been DOWN since Jun 17th, 2022 at 3.9627
Smart Scan Analysis for HO.X22
Based on our trend formula, HO.X22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).