We got sell signals based on cot data from #cotreport in crude oil and gasoline. The heating oil is strong correlated with RB and CL. When the sell cot signal stats to work out, we will see also a down trend in HO. The HO is the weakest one in the energies sector, therefore I expect a down trend in HO. I am waiting for my entry pattern to open a short position in...
Buy May heating Oil market. Energies are on an uptrend and there is a lot of GeoPolitical uncertainty. This is an aggressive trade. Stop will be at: 265.40, target at 289.70
HO1! vs RB1! has become deviated too high compared to the historical norm. Look for the pullback to the 0.95 area. If you don't know how to do pairs trading, especially with commodities, don't do it.
For PEMEX Mexico's prices:
Throughout the year 2023, there has been a bearish trend in the international reference price. However, in the last weeks of July 2023, there was an increase in international reference prices. The Fibonacci retracement technique was used to assess potential support and resistance levels.
The analysis shows that the next price...
There are clear re-entry long signals for the most bullish market
why are most traders just focused on E-MINIs or bitcoin, when commodities like heating oil provide an easier trading opportunity?
Even better risk reward ration can be archived on the 15 min chart by simply using fair value gaps as re-entry spots...
the last candle is an exhaustion one.
meaning that the sellers are weakening.
I expect a strong move up for the next annual candle.
ther may be further little push down to touch the base trendline before the next big move.
every 2 moves up is followed by 2 moves down
price had managed to pass above the descending dynamic trend line
but then sumerged below it again
and now we can see a small tail in the candle meaning that the correction may be over for this annual candle.
the next candle could be a green one.
most important i created a DOLLAR risk box, that shows me in realtime the current RISK (dollar risk =
range of last bar or
distance to swing high for shorts
distance to swing low for long)
this way i only have to wait for price to get to a double top and then enter with the
amount of contracts the box calculated with a 2% risk on a 10k account
this way too...
My strategy is to short the opening 30 min of heating oil / crude oil and hold till trailing stop is reached
Re-entries in such markets where always tricky.
On the other hand if you trade like an AI would do you would see that low risk entries are every day possible at 10 am eastern time.
usually market trades up from 9.30 to 10 am and if there is weakness...
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...
