Londinia Opportunities Analyses - 03/24/2025 (GMT) HEATING OIL - 1H

- USD (-)

- 10 min delayed data - NYMEX Futures

Type:	Commodities
Ticker:	HOH5
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.2351 USD

My targets

2.3035 USD (+2.14%)

2.3608 USD (+4.68%)

My analysis

The basic bullish trend is very strong on HEATING OIL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.2351 USD. Crossing the first resistance at 2.3035 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.3608 USD as an objective. Crossing it would then enable buyers to target 2.4494 USD. Caution, a return to below 2.2351 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.5

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Additional analysis

Quotes

HEATING OIL rating 2.2553 USD. The price has increased by +0.25% since the last closing with the lowest point at 2.2514 USD and the highest point at 2.2571 USD. The deviation from the price is +0.17% for the low point and -0.08% for the high point.

2.2514

2.2571

2.2553

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of HEATING OIL indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1767	2.2122	2.2351	2.2553	2.2554	2.3035	2.3608
Change (%)	-3.49%	-1.91%	-0.90%	-	+0.00%	+2.14%	+4.68%
Change	-0.0786	-0.0431	-0.0202	-	+0.0001	+0.0482	+0.1055
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2022	2.2173	2.2334	2.2485	2.2646	2.2797	2.2958
Camarilla	2.2410	2.2439	2.2467	2.2496	2.2525	2.2553	2.2582
Woodie	2.2028	2.2176	2.2340	2.2488	2.2652	2.2800	2.2964
Fibonacci	2.2173	2.2292	2.2366	2.2485	2.2604	2.2678	2.2797

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1029	2.1378	2.1937	2.2286	2.2845	2.3194	2.3753
Camarilla	2.2246	2.2330	2.2413	2.2496	2.2579	2.2663	2.2746
Woodie	2.1134	2.1431	2.2042	2.2339	2.2950	2.3247	2.3858
Fibonacci	2.1378	2.1725	2.1939	2.2286	2.2633	2.2847	2.3194

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0154	2.1365	2.2258	2.3469	2.4362	2.5573	2.6466
Camarilla	2.2571	2.2764	2.2957	2.3150	2.3343	2.3536	2.3729
Woodie	1.9994	2.1286	2.2098	2.3390	2.4202	2.5494	2.6306
Fibonacci	2.1365	2.2169	2.2666	2.3469	2.4273	2.4770	2.5573

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):	56.44
MACD (12,26,9):	0.0020
Directional Movement:	7.2624
AROON (14):	-28.5714
DEMA (21):	2.2518
Parabolic SAR (0,02-0,02-0,2):	2.2336
Elder Ray (13):	0.0049
Super Trend (3,10):	2.2583
Zig ZAG (10):	2.2559
VORTEX (21):	0.9737
Stochastique (14,3,5):	79.70
TEMA (21):	2.2503
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.0185
Repulse (5,40,3):	0.1404
ROCnROLL:	1
TRIX (15,9):	0.0068
Courbe Coppock:	0.27

MA7:	2.2224
MA20:	2.2411
MA50:	2.3354
MA100:	2.2411
MAexp7:	2.2516
MAexp20:	2.2491
MAexp50:	2.2424
MAexp100:	2.2303
Price / MA7:	+1.48%
Price / MA20:	+0.63%
Price / MA50:	-3.43%
Price / MA100:	+0.63%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.58%
Price / MAexp100:	+1.12%

Quotes : - 10 min delayed data - Futures NYMEX

News

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