updated my setups page www.tradingview.com
Heating Oil and Coffee triggered new long signals in addition to the index futures the energy commodities also seam to move higher...
When will jet fuel stop making all time highs? I think this speaks volumes about the continued pace of inflation combined with a post-2020 "get me outta here and fly me somewhere" mentality, in addition to other factors. So now people want to fly after not flying for a few years. Why do we have to pay mafia level prices now? I guess now it's time for the...
In addition to S&P and Bitcoin some commodities also have nice short setups:
www.tradingview.com
Target as usual on countertrend trades are prior open or closing prices.
Trucking - specifically the $TRAN and Deisel Fuel Oil is under immense duress.
The primary support system for moving goods is seeing lasting stress which will
lead to further supply shortages.
Shortages will begin to appear at an accelerated pace into August.
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Stocking up on basics... a very...
..all goods we consume are moved by truck. If truckers pay more for gas, you will pay more at checkout. This will feed through, especially considered that diesel stocks are at multi-year lows.
Buy June heating oil 375.10 on stop, if filled stop 361.75, 1st tgt 397.75
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future...
at 5.2 we had the 2x extension of prior correction.
Its time to take some profits.
Unfortunatly investing in heating oil is not as easy as in crude oil
If have found ETFs or stocks with options that are similar to heating oil, please mention them in the comments
COT data is showing a buying opportunity in the energy sector
my setup is to buy above the 18 moving average and sell on a close below the moving average or on a new swing high
there was a low risk short entry after the rally topped out at a double top
both strategies worked out
1. to short rallies above a 50% level of a prior downmove ment
2. to go short at the top of a blue daily bar
worked out...
Closed my long postion on 28th october as prior day closed below 18 moving average.
In the last years there was a double bottom and then a nice upmove in heating oil.
looking forward to either go long on that double bottom or if prices go above the 18 moving average again.
We can say that it will down in the coming hours, but it cannot be denied that the content in this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting the trader in making an independent investment decision. NYMEX_MINI:MAS1!
Summary: Long, supply chain fuel shortages are adding to the cost of shipping bunker fuel too.
Price will continue to rise as the energy crunch deepens globally.
Bunker Fuel is correlated to Oil price.
Monday was a day with a very low PERCENT R value
on heating oil, crude oil and german dax index
My setup is to go long after these days and keep a tight trailing stop at the low of prior days low.
looking forward for heating oil to hit the 38% extension above prior correction range target.
all 3 energy markets (CL, RB, HO) have the same pattern first hitting the 38% target on the smaller correction and how going to the fib extension of the bigger correction that started mid march.
Seasonal Trend and COT Index are also bullish.
