Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
NY HARBOR ULSD HEATING OIL Dec 2021 (NYMEX:HO.Z21)
Countertrend Up (+85) - HO.Z21 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.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z21
The long-term trend has been UP since Dec 3rd, 2020 at 1.4618
The intermediate-term trend has been UP since Apr 12th, 2021 at 1.8537
The short-term trend has been DOWN since May 7th, 2021 at 1.9892
Smart Scan Analysis for HO.Z21
Based on our trend formula, HO.Z21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Contract High||2.2492||Contract High Date||2018-10-03|
|Contract Low||1.8855||Contract Low Date||2018-11-28|
|Open Time||18:00||Close Time||17:00|