Buy May heating Oil market. Stop at: 265.40, target at 289.70Buy 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
Contract highlights
Cup and Handle Pattern in Gasoline!Next to Cocoa, Gasoline comes in 2nd place for the best total return performance in Q1 2024 amongst commodity markets. The infamous cup and handle pattern has emerged, adding a level of upside conviction in this trade.
Fundamentals:
Severe weather developments here in the USA and geopolitical su
Market maturity in wave 1 and 2! or sideways corrective patternDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find i
GASOLINE Sell signal approachingGasoline (RBOB1!) is staging a short-term rebound towards the top of the (dotted) Channel Up ahead of a 1D Golden Cross. The 18-month pattern is a Channel Down and last time we saw those technical dynamics was during the previous Bullish Wave/ Channel Up that peaked on the 1.236 Fibonacci extension
HO1!/RB1! bearish pairs trade setupHO1! 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.
Corrective sideway structure?!!!Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principl
long March heating Oil at 280.45 limit. stop 262.80, tg 299.70
Looking to go long March heating Oil at 280.45 limit. Market is showoing building of a base with upside potential. Stop will be 262.80, tgt is 299.70
Buy March unleaded at 222.42 limit, if filled stop at: 215.20TV new trade. lookinng to buy unleaded gasoline on possible pullback. Buy March unleaded at 222.42 limit, if filled stop at: 215.20, tgt 237.80
Long Long Long LONGGGGGI labelled everything in the chart, its a good enough description.
Looking for MUCH higher prices, this has been an accumulation of a lifetime.
GASOLINE Buy signal if 1D MA50 breaks.Gasoline (RB1!) has had a strong 3-day rise last week but that is still contained within the bearish barriers of a Channel Down. However during this whole pattern, the 1D RSI has been developing a Channel Up, hence a Bullish Divergence for the price.
As a result, we will look to the 1D MA50 (blue t
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Frequently Asked Questions
The nearest expiration date for RBOB Gasoline Futures (Apr 2024) is Mar 28, 2024.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell RBOB Gasoline Futures (Apr 2024) before Mar 28, 2024.