The Energy complex currently has mixed signals.
However, the New York Heating Oil contract appears to be setting up for a bull run.
With the Minor Pivot Stack providing support, the price looks like it is readying for a move up.
Go long if the price breaks above 1.9065 and place a stop loss at 1.8660.
With a profit target at 2.0545, this makes for a good risk reward trade.
Trade the March 2019 contract, symbol HOH2019, on the ICE Futures exchange with any NFA registered U.S. futures broker, both regulated by the U.S. Commodity Futures Trading Commission.
However, the New York Heating Oil contract appears to be setting up for a bull run.
With the Minor Pivot Stack providing support, the price looks like it is readying for a move up.
Go long if the price breaks above 1.9065 and place a stop loss at 1.8660.
With a profit target at 2.0545, this makes for a good risk reward trade.
Trade the March 2019 contract, symbol HOH2019, on the ICE Futures exchange with any NFA registered U.S. futures broker, both regulated by the U.S. Commodity Futures Trading Commission.