Future Trend Analysis Report
Prepared for you on Sunday, April 5, 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 Jan 22nd, 2020 at 1.7750
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.6613
The short-term trend has been UP since Apr 2nd, 2020 at 1.3320
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||18:00||Close Time||17:00|