Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Heating Oil Bottom Is In.(probably)

Commodities / Commodities Trading Jun 16, 2017 - 08:02 AM GMT

By: Stephen_Cox

Commodities

MRI Trading Signals has identified a high probability of a HEATING OIL LOW, at least for awhile.  It may be a stretch to see the nearby HON 17 (141.13) close above the previous week’s close 143.70, requiring a 2.57+ net change on Friday.  IF that happens then HO is confirming the WEEKLY TIME SETUP in the ACL and LCL Closing Line Chart Frames- 3D, 5(F)A, 13(F)a and 30(G)a to WK 07 NOV’16 and 45(G)a to WK 25 JUL’16.  


In the Active WEEKLY AR and LOG Bar Chart Frames THIS WEEK is a TIME EQUALITY 3D= 3u, 6a, plus 30(G)a to WK 14 NOV’16 and 45(G)a to WK 01 AUG’16.

Let’s take an MRI 3D look at what TIME has to say in the Daily HEATING OIL. The viewer is always looking at both ACL/LCL Closing Lines and AR/LOG Bars.

HO (Daily) TIME A/LCL


HO (Daily) TIME AR/LOG


HO (Daily) TIME A/LCL Zoom


HO (Daily) TIME AR/LOG Zoom


HO (Daily) Combined A/LCL+AR/LOG TIME

________________________________________________________________________

Thursday’s MRI 3D Report was first published over 20 minutes before the Heating Oil OPEN 1700C/1800E/2300BRITISH/2400MEZ.

Specifically, as always, we recommended:

FLASH- BUY 1 HON 17 141.00 LMT/SELL 1 HON 140.24 STOP GTC (- risking 0.76 + slippage)

Will update with excellent TIME LOGIC asap.

_______________________________________________________________________

140.99 had been the session LOW so far.  To be sure everyone could “catch the NORTH bound train” an UPDATE to BUY at MKT was posted as HON 17 was trading in the 141.40 area-with the same STOP GTC, of course.

UPDATE: IF you missed buying on the 141.00 LMT- BUY 1 HON MKT/140.24 STOP GTC


LOGIC IS STRONG! TIME:
Yesterday was A/LCL 29(L)A= and A/LCL 58(N)A=,confirmed as the LOW CLOSE by today’s slightly higher close HON 17( 141.13) +0.03 

________________________________________________________________________

I realize there are a lot of markets far sexier than HO!  In fact, I’d guess of the MRI 3D futures markets we study:  Gold (GC), Silver (SI), Dollar Index (DX), EURO (EU), WTI Crude (CL), Heating Oil (HO), ULTRA BOND (UB), Treasury Bond (US), 10 Year Note (TY) and the 3 commodities Cocoa (CC), Cotton (CT) and Soybean Oil (ZL) that good ol’ friendly HEAT is the least “attractive”.  That strikes me funny some how because the popularity of a market, which is really just a “brand name” is of little to no importance.  What IS important is the empirical clarity and quality of intention communication of the markets that selected themselves for the MRI 3D Report. 

If you’ll carefully study the 5 charts you’ll probably agree HEAT can be quite the show off, when it feels like changing its “travel plans”

In conclusion, even if this one trade proves to be decisively incorrect within less than 24 hours to Fridays close, we recommend accepting this TIME and PRICE, within DEPTH type of relative small risk to potential large gain trade that winning futures accounts demand and we work hard to deliver.

Witten and published by Stephen Cox, founder of MRI Trading Signals and developer of MRI 3D TIME PRICE analysis within DEPTH of 4 Chart Frames- 3 of them beyond the arithmetic bar chart finding > 70 % of signals invisible to everyone else.

Video Introduction - https://mritradingsignals.com/the-science-of-mri-3d/

MRI Trading Signals Home Page - https://mritradingsignals.com/

Stephen Cox

Stephen Cox is a 4 decade trader and analyst who first started teaching his TIME and PRICE methods in 1989. MRI 3D is the culmination of his work in Time, Price and the 3rd dimension DEPTH. The MRI Trading Signals Subscription is purely performance based. The only way we keep our fee is by delivering 6%+ return in our hypothetical account, during the 30 Days subscription.

© 2017 Copyright Stephen Cox - All Rights Reserved Disclaimer: This is an paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in