Heating Oil
Futures Charts


Contract month:


Chart term:
Intraday
Daily
Weekly (Continuous)
Monthly (Continuous)
Historical

Chart format:
Bar chart
Candlestick
Bar (no indicators)
Java
Advanced chart
Dynamic intraday chart

Market insight:
News
Specifications
Analysis
Sentiment survey



Weekly Commodity Futures Price Chart

Heating Oil (NYMEX)

TFC Commodity Charts

Trade Heating Oil now with:

Chart Legend« To set chart options, use the handy form found to the left. «

Market data delayed 10 minutes as per exchange requirements.





Most Recent Headlines    [ Complete Futures News ]    Search News:
[ More Oil News ]

Contract Specifications:HO,NYMEX
Trading Unit: 42,000 U.S. gallons (1,000 barrels)
Tick Size: $0.0001 (0.01c) per gallon ($4.20 per contract)
Quoted Units: US $ per gallon
Initial Margin: $12,150   Maint Margin: $9,000
Contract Months: All 12 months.
First Notice Day: Second business day after last trading day.
Last Trading Day: Trading terminates at the close of business on the last business day of the month preceding the delivery month.
Trading Hours: Trading is conducted from 10:05 A.M. until 2:30 P.M.
Evening 3:15 P.M. on Mondays through Thursdays and concluding at 9:00 A.M. the following day.
On Sundays, the session begins at 7:00 P.M. All times are New York time.
Daily Limit: $0.25 per gallon ($10,500 per contract)

Analysis

Fri 5/26/17

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: Recently the market has been extremely bearish, however currently the market has lost a some of its bearishness due to the following: the fast moving average slope is up from previous bar, the slow moving average slope is up from previous bar, price is above the fast moving average, price is above the slow moving average. Its possible that we may see a market rally here. if so, the rally might turn out to be a good short selling opportunity.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: Recently the market has been extremely bearish, however currently the market has lost a some of its bearishness due to the following: the fast moving average slope is up from previous bar, price is above the fast moving average. Its possible that we may see a market rally here. if so, the rally might turn out to be a good short selling opportunity.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market is in overbought territory.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (0.05) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (3.63) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-9.32) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-9.32) is currently short. The current short position will be reversed when the CCI crosses above zero.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 50.64). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 50.64). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is UP. A good upward move is possible without SlowK being overbought. However, a down move in SlowK for this bar is a little concerning short term.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (55.50). A good upward move is possible without SlowK being overbought.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Lt Crude 49.99
Nat Gas 3.212
Corn 374 2/8
Cotton #2 77.09
Gold 1266.5
Copper 2.5700
Euro 1.11845
USD Index 97.364
SP500 E-mini 2414.25
DJIA E-mini 21071
close_icon
open_icon