timwest
Long

Heating Oil Front Month - Lock in Low Prices for next winter

NYMEX:HO1!   NY HARBOR ULSD FUTURES
799 7 8
This is a decent price to hedge and lock-in the price of your home heating oil             for next winter while prices are relatively low in the range of the past 2 years. Sure, the price could go down, but I like the odds here. Heating oil             is oversold and you can confirm what you will pay for next year.

If prices rise sharply from here, you are locked in for the season and you can bank the profit or hold the hedge in case prices go even higher.

I think it often makes sense to put positions on that hedge your portfolio and then trade around those hedges.

Look to the Dec 2014 Contract for trading, but this contract is plotting the front month only.

Tim 6/5/2014 2.85 last 9:15AM EST
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Thank you very much for the hint. I did a little bit more analysis on this. Further down from this area there are confluence of few movement legs. Thought to share here.
snapshot
+2 Reply
LEONES PRO
2 years ago
I agree 100%
+1 Reply
timwest PRO
2 years ago
Big move to bank in just a few days = I will walk away here. 9:49AM 6/12/2014 EDT 2.9564 last
Reply
LEONES PRO timwest
2 years ago
Nice one Tim
Reply
HamedAghajani PRO timwest
2 years ago
Is it still another Buy time?
Reply
timwest PRO HamedAghajani
2 years ago
It looks like another nice time to buy.
+1 Reply
LEONES PRO timwest
2 years ago
yes I agree crude oil too
Reply
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