Future Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
NY HARBOR ULSD HEATING OIL Dec 2023 (NYMEX:HO.Z23)
Countertrend Up (+85) - HO.Z23 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.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 UP since Apr 8th, 2021 at 1.7870
Smart Scan Analysis for HO.Z23
Based on our trend formula, HO.Z23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).