Heating Oil chart
"Heating Oil chart"
in the news Heating Oil chart? What this all about..... See below.
Sentiment Trader has been watching the Heating oil chart for a while and some of the other commodities
While the USA is coming into Winter and its brass monkey season, and people are starting to feel the cold, there is sometimes ways to profit from that. Heating OIL is just one way, and lately on the charts you have seen the run up since the middle of NOV 2016. Right now Heating oil has formed what is called an ASCENDING TRIANGLE, on pole, usually a BULLISH pattern, in terms of futures charts. 80% of the time, they normally bust out to the UPSIDE!!
So this is one chart that takes our fancy!! :-)
We will watch and keep our members alerted and updated...... More coming....
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