Heating oil will go down.Heating oil reached the designated selling zone (indicated by the dotted rectangular box), triggering my short position on Thursday. The market has already responded with initial downward pressure. Expect continuation lower over the next few weeks, targeting the $3.70 and $3.30 support levels.
Heating Oil Short OpportunityHeating Oil is range bound for last 2 years between $2.75- $2. As we Approach Top of range because of US-Iran noise, it creates great opportunity to short. Last Year USA attacked Iran it reached $2.7 and dropped heavily. Also as we moving into summer season there is not much demand for heating oil E
Bought $HO Heating Oil, It's breaking out of a triangle — a bullBought EURONEXT:HO Heating Oil, It's breaking out of a triangle — a bull flag, a compressing range — however you want to label it.
What matters most is the structure, and it looks very bullish.
I expect it to make new highs for the year sooner or later.
Contracts are very large so you need a la
Head and Shoulders always at the end Hello Traders,
as we saw last month was big moves with the war happening and at the end was all drama and market makers loaded with profits and its time to take and enjoy the profits we reached to the o.6 from the the large move and now is the continuation its a perfect entry to the second wave same
Heating oilHeating Oil BUY CALL Chart explains SL TP EP
Putting It All Together: Heating Oil “Buy Call” Setup
Technical View Fundamental Support Trade Rationale
Falling wedge suggests reversal Seasonal demand + diesel shortage Bullish bias if breakout confirmed
Bottom Line
The falling wedge pattern in Heatin
Head & Shoulders Breakdown, More Downside Ahead?### **Heating Oil (HO) – Head & Shoulders Breakdown, More Downside Ahead?**
Heating Oil (HO) has formed a **Head and Shoulders** pattern on the **15-minute chart**, signalling a potential **bearish reversal**. The breakdown of the **neckline** suggests that further downside is likely.
### **Ke
HEATING OILUS heating oil futures traded around $2.47 per gallon, hovering near a one-month low of $2.467 touched on July 16th as markets assessed the latest supply levels. The EIA showed that distillate stockpiles rose by 3.454 million barrels in the week ending July 12th, against estimates of a 0.5 million b
HEATING OIL to follow general trend of OIL prices DOWN!Similar to USOIL and UKOIL , HEATING oil follows similar steps!! HEATING oil has been rising for a very long time and hit all-time highs, and we see that oscillators are showing that HEATING oil is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!
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Displays a symbol's price movements over previous years to identify recurring trends.









