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Future Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

NY HARBOR ULSD HEATING OIL Dec 2023 (NYMEX:HO.Z23)

Weak Downtrend (-65) - HO.Z23 is showing signs of a strengthening downtrend. Monitor HO.Z23 as it may be building momentum to the downside.

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.

NYMEX_HO.Z23
Open High Low HO.Z23 Price Change
2.8780 2.9273 2.7961 2.8305 -0.0424
Entry Signal

MarketClub’s Trade Triangles for HO.Z23

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 2.7683

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 3.0876

short term up The short-term trend has been UP since Nov 30th, 2023 at 2.8966

Smart Scan Analysis for HO.Z23

Based on our trend formula, HO.Z23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HO.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8780 2.9273 2.7961 2.8305 -0.0424
Prev. Close Volume Bid Ask Time
2.8348 4892 2023-11-30 17:28:43
Expiration2023-11-30Open Time09:00
Close Time14:30
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