Free HEATING OIL (HO) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Buy Hold Hold
Last Update / Period
08 Oct / Daily
Category/Currency
Futures/USD
Exchange/Country
NYM/--

HEATING OIL (HO) signal with technical analysis on 08 Oct

On 08 Oct, we conducted a comprehensive technical analysis of HEATING OIL (HO), considering 256 signals with intricate details. Here are the key findings: 158 signals suggested buy strategies, while 8 indicated sell strategies. The remaining 90 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 40
Sell Signals: 1
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 39
Sell Signals: 0
Neutral Signals: 25
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 39
Sell Signals: 3
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 40
Sell Signals: 4
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 158
Sell Signals: 8
Neutral Signals: 90
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. 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 highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for HEATING OIL (HO) on , there appears to be 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 investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

HEATING OIL (HO) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

HEATING OIL (HO) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it is advisable to consider the projected price range. This range represents a potential upside of 10.99%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial to managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding 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 understand its price movement. These resistance levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (2.484): The primary hurdle is the 2.484 price level. If the prevailing trend remains unchanged, HEATING OIL (HO) could break above this level, indicating its strength and potential for further growth.

Second resistance level (2.659): If the upward trend shows significant strength, HEATING OIL (HO) may cross the second resistance level at 2.659, signaling a significant upside move and a promising direction for our position.

Third resistance level (2.834): For a more comprehensive analysis, we should consider a scenario where HEATING OIL (HO) not only breaks the second resistance level but also holds 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 at 2.834.
It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading HEATING OIL (HO), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

HEATING OIL (HO) technical analysis chart

HEATING OIL (HO) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 2.484 2.659 2.834 3.509 --
Support 2.257 2.15 2.043 -- --
 HEATING OIL (HO) Support and Resistance area (08 Oct)

HEATING OIL (HO) signals list for 08 Oct

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

HEATING OIL (HO) candlestick patterns on 08 Oct

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

Closing Marubozu Long Line Candle

HEATING OIL (HO) technical analysis over the past days

# Date Overal Signals ALL Signals
1 07 Oct Hold HoldHoldHoldHold
2 04 Oct Hold HoldHoldHoldHold
3 03 Oct Hold HoldHoldHoldHold
4 02 Oct Buy HoldHoldHoldBuy
5 01 Oct Buy BuyBuyBuyNeutral
6 30 Sep Sell HoldNeutralNeutralSell
7 27 Sep Sell HoldSellNeutralNeutral
8 26 Sep Sell SellNeutralNeutralNeutral
9 25 Sep Sell NeutralHoldNeutralSell
10 24 Sep Buy BuyBuyNeutralNeutral
11 23 Sep Sell NeutralNeutralNeutralSell
12 20 Sep Neutral HoldBuyNeutralNeutral
13 19 Sep Hold HoldNeutralNeutralHold
14 18 Sep Hold HoldNeutralHoldHold
15 17 Sep Buy BuyHoldHoldHold
16 16 Sep Hold NeutralHoldHoldHold
17 13 Sep Sell SellHoldHoldHold
18 12 Sep Hold NeutralHoldHoldHold
19 11 Sep Hold HoldHoldHoldHold
20 10 Sep Hold HoldHoldHoldHold
21 09 Sep Hold HoldHoldHoldHold
22 06 Sep Hold HoldHoldHoldHold
23 05 Sep Hold HoldHoldHoldHold
24 04 Sep Hold HoldHoldHoldHold
25 03 Sep Hold HoldHoldHoldHold
26 30 Aug Hold HoldHoldHoldHold
27 29 Aug Hold NeutralHoldHoldHold
28 28 Aug Sell SellHoldHoldHold
29 27 Aug Sell NeutralSellHoldHold
30 26 Aug Buy BuyNeutralHoldHold

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