Potential for Heating Oil Bulls

53 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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out