Future Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
NY HARBOR ULSD HEATING OIL Dec 2022 (NYMEX:HO.Z22)
Countertrend Up (+85) - HO.Z22 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.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z22
The long-term trend has been UP since Sep 15th, 2021 at 2.1152
The intermediate-term trend has been UP since Sep 2nd, 2021 at 2.0600
The short-term trend has been DOWN since Oct 21st, 2021 at 2.3411
Smart Scan Analysis for HO.Z22
Based on our trend formula, HO.Z22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).