HEATING OIL to follow general trend of OIL prices DOWN!
Updated
Similar to USOIL and UKOIL , HEATING oil follows similar steps!! HEATING oil has been rising for a very long time and hit all-time highs, and we see that oscillators are showing that HEATING oil is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!! Candlestick patterns are also confirming rejection from resistance. We see that the general trend of oil is reversing globally!
We aim to open in the range of 2.61-2.7 and TP at 2.38 with an SL above 2.8.
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DISCLAIMER: ‘CFDs’ are complex financial products that are traded with leverage. Trading CFDs carries a high risk and it is possible to lose all your capital. CFD's may not be suitable for everyone and you should ensure that you fully understand the risks involved before taking any trade. All information on this page is provided for information purposes only and is not intended to be a recommendation or advice. AIE trading doesn’t hold any responsibility for any trading losses for any ideas shared on its pages. No past performance or simulation of past performance guarantees future success.
We aim to open in the range of 2.61-2.7 and TP at 2.38 with an SL above 2.8.
If you like this idea please like and follow us for some awesome ideas!!!
DISCLAIMER: ‘CFDs’ are complex financial products that are traded with leverage. Trading CFDs carries a high risk and it is possible to lose all your capital. CFD's may not be suitable for everyone and you should ensure that you fully understand the risks involved before taking any trade. All information on this page is provided for information purposes only and is not intended to be a recommendation or advice. AIE trading doesn’t hold any responsibility for any trading losses for any ideas shared on its pages. No past performance or simulation of past performance guarantees future success.
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