HO about to bounce up
HO is quite easy to trade because not so liquid and often show a bit large difference beetwen Ask and Bid
So the Price tells you where the trend is going to move next ... More over HO offers large profit
This is a likely bounce pattern with 3 Tops and 3 Bottoms
wait for this impulsion to go long Prior to enter the trade
this is just...
on the back adjusted futures contract the ICHIMOKU strategy generated a short signal.
in the long term this strategy is profitable on all assets
last short as profitable for 10 days then turned negative (but it was possible to earn a lot with that entry)
no financial advise but
suggestion move the stop to break even
one the high of a daily bar is below the entry price.
The chart points suggest a continued bearish move with the short target set at the 1D Cosmic Channel basis line and the stop set at the 1h Cosmic Channel basis line.
Heating oil finds itself at a pivot point after reverse at support levels not seen since Feb of 22.
-We are only in December heading into the coldest months of the year.
-If this Pivot point holds cold see massive take gains long.
The math I have is entry @ Market price Right now is
3.1189 @ $4.20 per tic
SL 3.090 =
TP 3.99 =
it makes sense to trade long only the latest energy future, as they are in backwardation (future prices are cheaper than current one)
so huge gains on the november contract that expires on 31th oct.
the NYMEX:HO1!
breaks usually one day earlier before
VANTAGE:GASOIL
follows to the upside
in the past it was profitable to get into gasoil instrument even if there was no break above the prior high...
as Low Sulphur Gasoline follows Heating Oil
Daily HO analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a...
NYMEX:HO1!
NY Heating Oil Relief
I just filled up the heating oil tank.
$4.40 per gallon for 200 gallons = $880 delivered to the Fat_Fat residence.
Pre-Covid it was half that price.
Imagine being in Europe this winter..... Damn.
Hopefully we see this big "C' wave down.
Targeting the 0.618 fib at approximately $2.35
My fellow New Yorker's need some...
Daily HO analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a...
Daily HO analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Thank you for your likes and comment. Little bit of risks have been taken in this analysis. Still, all, under probabilities. Thank you for your support.
Saudi Aramco price has been illustrating what is "divergence" in chart analysis.
It is back to an important price point.
From here, it is possible to see the price ranging to then recover fon a long run in the...
Crude Oil and Natural Gas did not move up last week, but instead the LOW SULPHUR GASOIL ( VANTAGE:GASOIL (10 contracts moved up 1000$) or NYMEX:HO1!
is now up 10.000$ per contract last week.
If you are not invested yet, backtests show that entering on breaks above 4 hour bars with trailing the stop below the last two 4 hour bars was profitable.
You never know...
This analysis is contingent on data that cannot be cited due to the source's explicit restrictions placed on republishing without expressed written consent.
ULSD is of particular interest in the energy markets for the following reasons:
• It is quoted based on delivery at New York Harbor. This means that it has localized supply / demand factors related to the...
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...
there is a strong support or resistance area on 30 min charts when looking at prior extreme points (fractals)
today buying a gap down heating oil or two days ago shorting heating oil are very profitable trades.
the support is clearly on top of the prior 30 min bar at an prior extrempoing
whereas the resistance is clearly at the low of a prior top bar.
