HEATING OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	HOH5
ISIN:

HEATING OIL - Daily - Technical analysis published on 10/30/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 3.3623 USD

My targets

My analysis

HEATING OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.3623 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by vishr. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HEATING OIL rating 4.5498 USD. On the day, this instrument gained +4.98% with the lowest point at 4.3300 USD and the highest point at 4.6841 USD. The deviation from the price is +5.08% for the low point and -2.87% for the high point.

4.3300

4.6841

4.5498

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by HEATING OIL:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HEATING OIL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1.9684	2.9384	3.3290	4.5498
Change (%)	-56.74%	-35.42%	-26.83%	-
Change	-2.5814	-1.6114	-1.2208	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.9969	3.0939	3.2655	3.3625	3.5341	3.6311	3.8027
Camarilla	3.3633	3.3880	3.4126	3.4372	3.4618	3.4864	3.5111
Woodie	3.0343	3.1126	3.3029	3.3812	3.5715	3.6498	3.8401
Fibonacci	3.0939	3.1965	3.2599	3.3625	3.4651	3.5285	3.6311

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2235	2.4938	2.7147	2.9850	3.2059	3.4762	3.6971
Camarilla	2.8005	2.8456	2.8906	2.9356	2.9806	3.0257	3.0707
Woodie	2.1988	2.4815	2.6900	2.9727	3.1812	3.4639	3.6724
Fibonacci	2.4938	2.6814	2.7974	2.9850	3.1726	3.2886	3.4762

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3565	1.7252	2.0251	2.3938	2.6937	3.0624	3.3623
Camarilla	2.1410	2.2023	2.2636	2.3249	2.3862	2.4475	2.5088
Woodie	1.3220	1.7080	1.9906	2.3766	2.6592	3.0452	3.3278
Fibonacci	1.7252	1.9806	2.1384	2.3938	2.6492	2.8070	3.0624

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.42
MACD (12,26,9):	0.2097
Directional Movement:	25.4133
AROON (14):	35.7143
DEMA (21):	4.1992
Parabolic SAR (0,02-0,02-0,2):	3.7004
Elder Ray (13):	0.4469
Super Trend (3,10):	3.8294
Zig ZAG (10):	4.6520
VORTEX (21):	1.2185
Stochastique (14,3,5):	89.44
TEMA (21):	4.3206
Williams %R (14):	-3.14
Chande Momentum Oscillator (20):	0.7192
Repulse (5,40,3):	14.6315
ROCnROLL:	1
TRIX (15,9):	0.6639
Courbe Coppock:	19.09

MA7:	4.0832
MA20:	3.9447
MA50:	3.6243
MA100:	3.5711
MAexp7:	4.2049
MAexp20:	3.9444
MAexp50:	3.7035
MAexp100:	3.4794
Price / MA7:	+11.43%
Price / MA20:	+15.34%
Price / MA50:	+25.54%
Price / MA100:	+27.41%
Price / MAexp7:	+8.20%
Price / MAexp20:	+15.35%
Price / MAexp50:	+22.85%
Price / MAexp100:	+30.76%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on HEATING OIL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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