Future Trend Analysis Report
Prepared for you on Wednesday, December 2, 2020.
NY HARBOR ULSD HEATING OIL Dec 2021 (NYMEX:HO.Z21)
Sidelines Mode (-55) - HO.Z21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Sep 8th, 2020 at 1.2882
The intermediate-term trend has been UP since Nov 9th, 2020 at 1.3150
The short-term trend has been DOWN since Dec 1st, 2020 at 1.4408
Smart Scan Analysis for HO.Z21
Based on our trend formula, HO.Z21 is rated as a -55 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||09:00||Close Time||14:30|