Future Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
NY HARBOR ULSD HEATING OIL Dec 2022 (NYMEX:HO.Z22)
Sidelines Mode (+55) - HO.Z22 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.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 DOWN since Sep 8th, 2020 at 1.3900
The intermediate-term trend has been UP since Nov 4th, 2020 at 1.3761
The short-term trend has been DOWN since Dec 1st, 2020 at 1.4750
Smart Scan Analysis for HO.Z22
Based on our trend formula, HO.Z22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).