This chart consists of USOIL, Heating Oil, Gasoline, Natural Gas, Palm Oil, and Rubber futures. Every one is tailored to a Fibonacci Layout. There are two sets of extensions. They interlap and work together. One must look for the support and resistance to verify its authenticity.
The ‘crack spread’ is a term used in the oil industry that refers to the differential between the price of crude oil and the petroleum products extracted from it, such as gasoline and heating oil. The name comes from the process of 'cracking' crude oil in a refinery to produce these valuable products. The spread serves as a measure of refining margin, or...
With price and “commodity premiums” that we track showing signs of a structural shift, we think these represents potential tradeable set-up in the mid to long term as supply and demand finds some way to normalization after the pandemic & war shocks over the past 2 years. Hence, we think commodities will continue to be where the actions at. With winter just about...
Type : Bearish Momentum Resistance : 3.7979 Pivot: 3.5345 Support : 3.1892 Preferred Case: On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 3.5345 where the 61.8% fibonacci retracement and pullback support are. Once there is downside confirmation...
My phone constantly rings with solicitations for solar energy, extending the automobile warranty for cars I got rid of years ago, and with dire warnings that charges are pending against me from social security, the IRS, or other agencies. Some are annoying, but many are scams. A few years ago, I opened an email that locked my entire computer system with a...
HEATING OIL - UHO1! - Sell - Daily Chart Sell @ Current Price approx 1.2458 Sell @ Pull back to approx 1.2568 Take Profit @ 1.0828 Please share your opinion in the comments, and support the idea with a Like 👍 Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺...
Resistance at 20SMA and monthly line. Bearish candle will lead the price down.
Headlines • Heating Oil Bounces Off 1.1000 Level Before Retracing Lower • Gasoline Surges Above 0.60 Level Posting +12% Gain in Asia • Petrobras to Cut Production & Reduce Capital Expenditures in a Bid to Off-Set Virus Impacts • US Futures Retreat in Asia Breaking Weeks Uptrend
Headlines • Crude Recovers 9% in Asia + RBA Cuts Interest Rates to 0.25% • ECB Plans to Purchase 750 Billion Euro Worth of Bonds to Calm Virus Scare • China Reports Zero Domestic Cases for First Time
Headlines • Markets Up 0.5% as Traders Await Weekly EIA Inventories Releases • Covid-19 Records First Middle East Death (Update) • OPEC Calls for Meeting with Partners Regarding Coronavirus
Headlines: - Oil Futures shrugged off larger than expected EIA Build up +3% - OPEC expects global demand to drop after release of monthly report showing revision down - Gasoline & Heating Oil both push higher breaking away from weeks lows
price approaching our daily trend line, we will looking for sell up there.....patience is everything in this game
Pattern: 1W Channel Up. Signal: Bullish as the pattern made a Higher Low. Target: 2.1000.
Heating Oil is now approaching the 1D MA50 (light blue line) on a non-stop pull back since the peak of the Saudi attack. The 1D chart is neutral (RSI = 47.087, MACD = 0.011, Highs/Lows = -0.0354) signalling that we are approaching the most optimal buy level. We therefore turn bullish on Heating Oil with our Target Zone: 2.1000 - 2.1370. Note that even though 1D is...
HOF2020-RBF2020 Our trade on this spread between Heating Oil Futures F20 and RBOB Gasoline Futures F20 has started. In 87% of the times this spread is profitable in the seasonal window. Our job is to find the best time both statistically and technically.
Pattern: Channel Up on 1W. Signal: Bullish after a similar sequence has been spotted both on the candle and RSI action. Target: 2.1400 (1D Resistance).
Heating Oil has been trading on a very steady 4H Channel Up (RSI = 62.494, MACD = 0.014, Highs/Lows = 0.0000) and is currently on its Higher Low. Our long TP is 2.1000, as long as the Channel is holding. The previous bullish run of February 11 - 19, shows that around +8%, the price breaks the uptrend and pulls back on a lengthy descending channel. If the current...
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...