HEATING OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	HOH5
ISIN:

HEATING OIL - 15 min. - Technical analysis published on 05/20/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 2.4765 USD

My targets

2.5022 USD (+0.65%)

2.5180 USD (+1.28%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HEATING OIL as long as the price remains well above 2.4765 USD. The buyers' bullish objective is set at 2.5022 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.5180 USD. If there is any crossing, the next objective would be the resistance located at 2.5437 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

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 Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HEATING OIL rating is 2.4861 USD. The price is lower by -0.01% since the last closing and was between 2.4769 USD and 2.4914 USD. This implies that the price is at +0.37% from its lowest and at -0.21% from its highest.

2.4769

2.4914

2.4861

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 15 min. of this HEATING OIL chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.4106	2.4266	2.4568	2.4861	2.4905	2.5102	2.6154
Change (%)	-3.04%	-2.39%	-1.18%	-	+0.18%	+0.97%	+5.20%
Change	-0.0755	-0.0595	-0.0293	-	+0.0044	+0.0241	+0.1293
Level	Major	Intermediate	Major	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4192	2.4350	2.4607	2.4765	2.5022	2.5180	2.5437
Camarilla	2.4749	2.4787	2.4825	2.4863	2.4901	2.4939	2.4977
Woodie	2.4241	2.4375	2.4656	2.4790	2.5071	2.5205	2.5486
Fibonacci	2.4350	2.4509	2.4607	2.4765	2.4924	2.5022	2.5180

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2950	2.3357	2.4110	2.4517	2.5270	2.5677	2.6430
Camarilla	2.4544	2.4650	2.4757	2.4863	2.4969	2.5076	2.5182
Woodie	2.3123	2.3444	2.4283	2.4604	2.5443	2.5764	2.6603
Fibonacci	2.3357	2.3800	2.4074	2.4517	2.4960	2.5234	2.5677

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9688	2.2073	2.3296	2.5681	2.6904	2.9289	3.0512
Camarilla	2.3527	2.3858	2.4188	2.4519	2.4850	2.5181	2.5511
Woodie	1.9107	2.1783	2.2715	2.5391	2.6323	2.8999	2.9931
Fibonacci	2.2073	2.3451	2.4303	2.5681	2.7059	2.7911	2.9289

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.15
MACD (12,26,9):	0.0013
Directional Movement:	-1.6090
AROON (14):	71.4286
DEMA (21):	2.4881
Parabolic SAR (0,02-0,02-0,2):	2.4831
Elder Ray (13):	-0.0019
Super Trend (3,10):	2.4808
Zig ZAG (10):	2.4848
VORTEX (21):	0.9967
Stochastique (14,3,5):	60.69
TEMA (21):	2.4870
Williams %R (14):	-44.83
Chande Momentum Oscillator (20):	0.0037
Repulse (5,40,3):	-0.0431
ROCnROLL:	-1
TRIX (15,9):	0.0060
Courbe Coppock:	0.39

MA7:	2.4472
MA20:	2.4850
MA50:	2.6007
MA100:	2.6324
MAexp7:	2.4864
MAexp20:	2.4864
MAexp50:	2.4826
MAexp100:	2.4745
Price / MA7:	+1.59%
Price / MA20:	+0.04%
Price / MA50:	-4.41%
Price / MA100:	-5.56%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.01%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.47%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on HEATING OIL at the time of the generation of this analysis was as follows:

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

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