Free HEATING OIL (HO) Technical Analysis Signals | Free Future Technical Analysis Signals | 14 Jun

Overal Signals
Buy
Signals
Hold Buy Buy Neutral
Last Update / Period
14 Jun / Daily
Category/Currency
Future/USD
Exchange/Country
NYM/--

HEATING OIL (HO) signal with technical analysis on 14 Jun

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 126 suggested buy signal strategies, while 36 indicated sell signal strategies. The remaining 94 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 39
Sell Signals: 1
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 35
Sell Signals: 6
Neutral Signals: 23
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 26
Sell Signals: 13
Neutral Signals: 25
Result: This strategy leads to a Buy position.

Strategy 4:
Buy Signals: 26
Sell Signals: 16
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Overal Strategy :
Buy Signals: 126
Sell Signals: 36
Neutral Signals: 94
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your HEATING OIL (HO) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


BBResult: Looking at the technical analysis for HEATING OIL (HO) on th, it appears that there is a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


According to the above signals, we recommend the following methods:

HEATING OIL (HO) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), Holding your position may be the right strategy based on our signals. However, always be careful and monitor market developments closely.

HEATING OIL (HO) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), It is recommended to choose the optimal time to exit the current position based on the combination of our signals. If you have a high risk tolerance, wait for the market to move in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy position (long position), it is recommended that you consider the projected price range. This range represents a potential upside of 17.42%, determined by the highest predicted price. However, before deciding to initiate a buy position (long position), it is important to be careful and do thorough research to ensure that it fits your risk tolerance and investment goals.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your HEATING OIL (HO) holdings.

HEATING OIL (HO) Price Analysis and resistance Levels:

Given our current long position in HEATING OIL (HO), analyzing key resistance levels is crucial to better guide the cryptocurrency's price movement. These resistance levels serve as important benchmarks for our strategy and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (2.834):
The primary hurdle we face is the 2.834 price tag. If the prevailing trend remains unchanged, it is quite possible that HEATING OIL (HO) could break above this level. This will be a promising indicator of its strength and potential for further achievements.

Second resistance level (2.92):
If the upward trend shows significant strength, we may see HEATING OIL (HO) cross the second resistance level of 2.92. This milestone represents a significant upside move and may indicate a promising direction for our position.

The third resistance level (2.974):
For a more comprehensive analysis, let's consider a scenario where HEATING OIL (HO) not only breaks the second resistance level, but is able to hold its price above this benchmark. If this trend continues in the coming days, it could pave the way for HEATING OIL (HO) to reach the third resistance level set at 2.974.
It's crucial to remember that these resistance levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading HEATING OIL (HO), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of HEATING OIL (HO) trading. By paying attention to these resistance levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

HEATING OIL (HO) technical analysis chart

HEATING OIL (HO) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 2.834 2.92 2.974 3.509 3.58
Support 2.257 2.15 -- -- --
HEATING OIL (HO) price movement in the coming days

HEATING OIL (HO) signals list for 14 Jun

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

HEATING OIL (HO) candlestick patterns on 14 Jun

Today's HEATING OIL (HO) Candle Patterns List:

Closing Marubozu

HEATING OIL (HO) technical analysis over the past days

# Date Overal Signals ALL Signals
1 13 Jun Buy HoldHoldBuyNeutral
2 12 Jun Buy HoldHoldNeutralNeutral
3 11 Jun Neutral HoldBuyNeutralNeutral
4 10 Jun Buy BuyNeutralHoldHold
5 07 Jun Hold NeutralHoldHoldHold
6 06 Jun Hold NeutralHoldHoldHold
7 05 Jun Hold HoldHoldHoldHold
8 04 Jun Hold HoldHoldHoldHold
9 03 Jun Hold HoldHoldHoldHold
10 31 May Hold HoldHoldHoldHold
11 30 May Sell SellHoldSellHold
12 29 May Hold NeutralSellNeutralHold
13 28 May Hold NeutralNeutralNeutralHold
14 24 May Hold HoldHoldHoldHold
15 23 May Hold HoldSellHoldHold
16 22 May Sell SellNeutralHoldHold
17 21 May Sell HoldNeutralSellHold
18 20 May Hold HoldNeutralNeutralHold
19 17 May Buy BuyNeutralNeutralHold
20 16 May Hold NeutralHoldHoldHold
21 15 May Hold HoldHoldHoldHold
22 14 May Hold HoldHoldHoldHold
23 13 May Hold HoldHoldHoldHold
24 10 May Sell SellSellHoldHold
25 09 May Buy BuyNeutralHoldHold
26 08 May Hold NeutralHoldHoldHold
27 07 May Hold NeutralHoldHoldHold
28 06 May Hold NeutralHoldHoldHold
29 03 May Hold HoldHoldHoldHold
30 02 May Hold HoldHoldHoldHold

Users forecasts for HEATING OIL (HO)

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