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Long

Potential for Heating Oil Bulls

AMEX:UHN   UNITED STATES DIESEL HEATING OIL FUND LP
52 0 2
With equities struggling so far this year, especially Small Caps and Nasdaq stocks, looking elsewhere in bonds and commodities has been prudent and paying off thus far.

For Heating Oil             , the weekly chart has been showing a nice triangle pattern after the run up from the 2009 bottom. Right now no confirmed signal of a buy or sell has triggered, However the indicators and price are leaning slightly bullish . I've got this one on my radar for a potential long term buy, if a breakout above roughly $35 occurs. Price is in an area where a decision should occur soon which is why I've published. If you trade futures , you can look at heating oil             contracts for a more direct play.

Staying neutral for now, but looks to be lining up for going long.
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