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HEATING OIL
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 05/16/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 2.4159 USD
My targets
2.3486 USD (-0.98%)
2.3106 USD (-2.58%)
My analysis
HEATING OIL is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2.4159 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2.3486 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2.3106 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2.2433 USD. Beware of a possible return to above the resistance located at 2.4159 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.6

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.

davatemp
This analysis was given by davatemp. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The HEATING OIL rating is 2.3718 USD. The price is lower by -0.26% since the last closing with the lowest point at 2.3634 USD and the highest point at 2.3965 USD. The deviation from the price is +0.36% for the low point and -1.03% for the high point.

2.3634
2.3965
2.3718

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of HEATING OIL in 15 min. shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.2315 2.2812 2.3566 2.3718 2.4005 2.4233 2.4843
Change (%) -5.92% -3.82% -0.64% - +1.21% +2.17% +4.74%
Change -0.1403 -0.0906 -0.0152 - +0.0287 +0.0515 +0.1125
Level Major Intermediate Intermediate - Minor Intermediate 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
Standard2.20532.24332.31062.34862.41592.45392.5212
Camarilla2.34902.35872.36842.37802.38772.39732.4070
Woodie2.22012.25062.32542.35592.43072.46122.5360
Fibonacci2.24332.28352.30832.34862.38882.41362.4539


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.14092.22102.26322.34332.38552.46562.5078
Camarilla2.27192.28312.29432.30552.31672.32792.3391
Woodie2.12212.21152.24442.33382.36672.45612.4890
Fibonacci2.22102.26772.29662.34332.39002.41892.4656


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.78762.05682.21962.48882.65162.92083.0836
Camarilla2.26352.30312.34272.38232.42192.46152.5011
Woodie1.73432.03022.16632.46222.59832.89423.0303
Fibonacci2.05682.22192.32382.48882.65392.75582.9208

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): 33.26
MACD (12,26,9): -0.0033
Directional Movement: -19.1903
AROON (14): -42.8571
DEMA (21): 2.3763
Parabolic SAR (0,02-0,02-0,2): 2.3924
Elder Ray (13): -0.0106
Super Trend (3,10): 2.3859
Zig ZAG (10): 2.3716
VORTEX (21): 0.7840
Stochastique (14,3,5): 18.57
TEMA (21): 2.3716
Williams %R (14): -78.77
Chande Momentum Oscillator (20): -0.0127
Repulse (5,40,3): -0.3075
ROCnROLL: 2
TRIX (15,9): -0.0105
Courbe Coppock: 0.56
MA7: 2.3668
MA20: 2.3803
MA50: 2.5295
MA100: 2.7075
MAexp7: 2.3746
MAexp20: 2.3790
MAexp50: 2.3783
MAexp100: 2.3670
Price / MA7: +0.21%
Price / MA20: -0.36%
Price / MA50: -6.23%
Price / MA100: -12.40%
Price / MAexp7: -0.12%
Price / MAexp20: -0.30%
Price / MAexp50: -0.27%
Price / MAexp100: +0.20%

Quotes : - 10 min delayed data - NYMEX Futures

News


Don't forget to follow the news on HEATING OIL. At the time of publication of this analysis, the latest news was as follows:

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

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Londinia
Londinia AI

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