R5O1! trade ideas
HO sideways or retracement lowerGood 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)
HEATING OIL HO 15MIN: 15min original supply zone shorting opprt.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
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HEATING OIL 15MIN: 15min original supply zone shortH4 : there is an H4 supply zone formed
H1: and inside of that there is an H1 supply zone too
15MIN: there is an original 15min supply zone inside of an h1 supply zone
which means that there is a high probability of 15min working out
TP1: 1:1 R:R
TP2: i will be trailing till opposing H1 support
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HEATING OIL 5MIN: 5MIN ORIGINAL DEMAND ZONEH4, H1 : Currently, price is reacting from H4 and H1 zones
that means watch for LTF(lower time frame) buying opportunities
5MIN : Just created an original demand level as a buying opportunity
TP : be loking for a quick 1:1 ratio. No need to be greedy on such a small time frame
Good luck to all!
HEATING OIL H1 SELL OPPORTUNITYDAILY : we are currently consuming the daily demand by basing inside of it
H4: we just created a new h4 supply zone just above and
H1: there is a h1 original supply zone too.
TRADE: i am planing to get short at h1 supply zone as shown on the chart.
SYMMETRICAL TRIANGLE Heating Oil (futures). is ranging in a symmetrical triangle of corrective waves pattern. from the diagram above wave (b) retrace 0.886 of wave (a) @ 1.6640. wave (c) retrace 0.618 of wave (b) @ 2.0518. within the triangular range is we expected to see wave (d) to retrace 0.886 of wave (c) @ 1.7139, and wave (e) to retrace 0.618 of (d) @ 1.9416. however at the end the wave (e) price is expected to continue its bearish trend to 1.618% @ 1.1555 of 1.5930 to 2.2439.
HO1! is positively correlated with Crude Oil, Gasoline, and other Oil ETF's.
jidetaiwo@live.com
TRIANGLE RANGE Heating Oil (futures). is ranging in a symmetrical triangle of corrective waves pattern. from the diagram above wave (b) retrace 0.886 of wave (a) @ 1.6640. wave (c) retrace 0.618 of wave (b) @ 2.0518. within the triangular range is we expected to see wave (d) to retrace 0.886 of wave (c) @ 1.7139, and wave (e) to retrace 0.618 of (d) @ 1.9416. however at the end the wave (e) price is expected to continue its bearish trend to 1.618% @ 1.1555 of 1.5930 to 2.2439.
HO1! is positively correlated with Crude Oil, Gasoline, and other Oil ETF's.
jidetaiwo@live.com
Low risk Buying opportunity for Heating Oil?!The momentum is dying any time the price is coming low. Maybe the price action have another attack to upside and break the upper side of the triangle.
Heating Oil Front Month - Lock in Low Prices for next winterThis is a decent price to hedge and lock-in the price of your home heating oil for next winter while prices are relatively low in the range of the past 2 years. Sure, the price could go down, but I like the odds here. Heating oil is oversold and you can confirm what you will pay for next year.
If prices rise sharply from here, you are locked in for the season and you can bank the profit or hold the hedge in case prices go even higher.
I think it often makes sense to put positions on that hedge your portfolio and then trade around those hedges.
Look to the Dec 2014 Contract for trading, but this contract is plotting the front month only.
Tim 6/5/2014 2.85 last 9:15AM EST
Short HEATING OIL against buying CRUDE OILBuy the laggard: CLZ2012 Crude oil. 90.84 last (delayed quotes)
Sell the leader: HOZ2012 Heating oil. 3.1399 last (delayed quotes)
