Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
NY HARBOR ULSD HEATING OIL Apr 2024 (NYMEX:QHO.J24)
Strong Downtrend (-100) - QHO.J24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QHO.J24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QHO.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QHO.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QHO.J24
The long-term trend has been DOWN since Nov 9th, 2023 at 2.6106
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.8245
The short-term trend has been DOWN since Dec 1st, 2023 at 2.6375
Smart Scan Analysis for QHO.J24
Based on our trend formula, QHO.J24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.97||52wk High Date||2022-06-14|
|52wk Low||2.2252||52wk Low Date||2023-05-03|