Here is your chance. Stop watching BIll Nye for a few minutes and open some LEVERAGED shorts on Heating Oil. The science is settled right? Only an idiot would DENY this? Go ahead! (None of them actually do this when challenged because 1) They are broke Soy Boy's and 2) they know its not settled science
TD countdown exhaustion completed last Thursday.
Heating Oil has just made a Higher Low (RSI = 52.430, Highs/Lows = 0.0000) at 2.1600 on the 1W Channel Up that has been dictating its direction since January. Technically this is an ideal long term long entry towards the 2.4466 High. However on the monthly chart and the 1M Channel Up (RSI = 60.743, MACD = 0.148, Highs/Lows = 0.0482) that started on January 2016,...
Heating Oil is trading within a very long term 1W Channel Up (RSI = 60.650, MACD = 0.049, Highs/Lows = 0.0425), highly volatile, but after having made a Lower High, seen on a strong 1D Channel Up. We are long aiming first at 2.3061 and 2.3404 in extension.
Recently our Unum Trading Desk analyst, Lester Davids identified a potential pairs trade on Heating Oil and Nat Gas. "I am bullish on NatGas with a medium term view. We recently saw a break of the downward trend with an inverse head and shoulder developing. In the short term though, we could see a pullback following the breakout. On that basis, one could be...
Wave almost completed. Big short opportunity comming up.
Heating Oil is trading within a long term 1D Channel Down and is coming off the most recent Lower High (RSI = 45.169, MACD = -0.007, Highs/Lows = -0.0171, B/BP = -0.0334). The downside potential is significant but we will only go short if the August 02 low (2.0863) breaks. TP = 2.0421.
Remains to be seen - something to watch over the next two or three trading sessions. Fib levels are natural S/R zones and can be used as targets/entry and exit points moving forward. Until it makes a confirmation with price, we watch and wait.
Heating Oil this week broke above its 2 year high. The move was confirmed with a strong day's close above the high, and now the weekly bar is closing above - N.B: provided that Heating Oil holds in today's session. Seasonally August & September are strong months which lends another dimension to a pure chartist approach.
waiting for entry long heating oil start green day, flat mac d
Stil need the right amount of points for USOil. Trying 19 points with 1 or 2 pivot points. Following the numbers , After 19 its Dangerous to trade because pivot point 19 marked in red can occur more then once thus altering its path. Trade on your own risk, use proper risk plan ect....
Good opportunity to sell some upside calls or call spread, above 1.60 strike for sideways or correction lower IMHO Targets on downside middle BBands and lower trend line (orange). (Time frame next 5-10 trading days)
TOP-DOWN ANALYSIS H4: We have started to turn back from h4 supply zone H1: if 09 hour can manage to be closed lower than 1.4805 line, H1 will have been created too 15MIN: There is an original 15min supply zone inside of a potential h1 supply TP1: 1:1 R:R TP2: Trail till just before H4 Support TP3: Trail till daily demand zone twitter.com