Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
NY HARBOR ULSD HEATING OIL Dec 2020 (NYMEX:HO.Z20)
Countertrend Up (+85) - HO.Z20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HO.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z20
The long-term trend has been UP since Jul 21st, 2020 at 1.3087
The intermediate-term trend has been UP since May 17th, 2020 at 1.1024
The short-term trend has been DOWN since Aug 14th, 2020 at 1.3005
Smart Scan Analysis for HO.Z20
Based on our trend formula, HO.Z20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.3442||Contract High Date||2018-10-03|
|Contract Low||1.8955||Contract Low Date||2018-11-28|
|Open Time||09:00||Close Time||14:30|