HEATING OIL - 15 min. - Technical analysis published on 05/16/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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
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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.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2053 | 2.2433 | 2.3106 | 2.3486 | 2.4159 | 2.4539 | 2.5212 |
| Camarilla | 2.3490 | 2.3587 | 2.3684 | 2.3780 | 2.3877 | 2.3973 | 2.4070 |
| Woodie | 2.2201 | 2.2506 | 2.3254 | 2.3559 | 2.4307 | 2.4612 | 2.5360 |
| Fibonacci | 2.2433 | 2.2835 | 2.3083 | 2.3486 | 2.3888 | 2.4136 | 2.4539 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1409 | 2.2210 | 2.2632 | 2.3433 | 2.3855 | 2.4656 | 2.5078 |
| Camarilla | 2.2719 | 2.2831 | 2.2943 | 2.3055 | 2.3167 | 2.3279 | 2.3391 |
| Woodie | 2.1221 | 2.2115 | 2.2444 | 2.3338 | 2.3667 | 2.4561 | 2.4890 |
| Fibonacci | 2.2210 | 2.2677 | 2.2966 | 2.3433 | 2.3900 | 2.4189 | 2.4656 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7876 | 2.0568 | 2.2196 | 2.4888 | 2.6516 | 2.9208 | 3.0836 |
| Camarilla | 2.2635 | 2.3031 | 2.3427 | 2.3823 | 2.4219 | 2.4615 | 2.5011 |
| Woodie | 1.7343 | 2.0302 | 2.1663 | 2.4622 | 2.5983 | 2.8942 | 3.0303 |
| Fibonacci | 2.0568 | 2.2219 | 2.3238 | 2.4888 | 2.6539 | 2.7558 | 2.9208 |
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 :
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10 min delayed data
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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:
-
Northeast heating oil shortage a 'problem that's not going away': Gas analyst
-
Heating oil states prepare to pay ‘$5 per gallon or more’ this winter
This member declared not having a position on this financial instrument or a related financial instrument.
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