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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.

NYMEX_QHO.J24
Open High Low QHO.J24 Price Change
2.5297 2.5297 2.5297 2.5225 -0.0072
Entry Signal

MarketClub’s Trade Triangles for QHO.J24

long term down The long-term trend has been DOWN since Nov 9th, 2023 at 2.6106

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.8245

short term down 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).

-100
Smart Scan Analysis for QHO.J24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5297 2.5297 2.5297 2.5225 -0.0072
Prev. Close Volume Bid Ask Time
2.5297 3 2.5283 2.5303 2023-12-05 16:49:50
52wk High2.9752wk High Date2022-06-14
52wk Low2.225252wk Low Date2023-05-03
Volatility23.58Expiration2024-03-28
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