Future Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
NY HARBOR ULSD HEATING OIL Dec 2023 (NYMEX:HO.Z23)
Sidelines Mode (+55) - HO.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HO.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HO.Z23
The long-term trend has been UP since Nov 5th, 2020 at 1.4015
The intermediate-term trend has been UP since Dec 17th, 2020 at 1.5435
The short-term trend has been DOWN since Jan 15th, 2021 at 1.5759
Smart Scan Analysis for HO.Z23
Based on our trend formula, HO.Z23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).