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Los Angeles CARB Diesel (OPIS) vs. NY Harbor ULSD FuturesLL

Los Angeles CARB Diesel (OPIS) vs. NY Harbor ULSD Futures

0.0750USDD
−0.0050−6.25%
USD
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AKL1! trade ideas

SYMMETRICAL TRIANGLE Heating Oil (futures). is ranging in a symmetrical triangle of corrective waves pattern. from the diagram above wave (b) retrace 0.886 of wave (a) @ 1.6640. wave (c) retrace 0.618 of wave (b) @ 2.0518. within the triangular range is we expected to see wave (d) to retrace 0.886 of wave (c) @ 1.7139, and wave (e) to retrace 0.618 of (d) @ 1.9416. however at the end the wave (e) price is expected to continue its bearish trend to 1.618% @ 1.1555 of 1.5930 to 2.2439. HO1! is positively correlated with Crude Oil, Gasoline, and other Oil ETF's. jidetaiwo@live.com
NShort
by olajide11
1
TRIANGLE RANGE Heating Oil (futures). is ranging in a symmetrical triangle of corrective waves pattern. from the diagram above wave (b) retrace 0.886 of wave (a) @ 1.6640. wave (c) retrace 0.618 of wave (b) @ 2.0518. within the triangular range is we expected to see wave (d) to retrace 0.886 of wave (c) @ 1.7139, and wave (e) to retrace 0.618 of (d) @ 1.9416. however at the end the wave (e) price is expected to continue its bearish trend to 1.618% @ 1.1555 of 1.5930 to 2.2439. HO1! is positively correlated with Crude Oil, Gasoline, and other Oil ETF's. jidetaiwo@live.com
NShort
by olajide11
Heating Oil Front Month - Lock in Low Prices for next winterThis is a decent price to hedge and lock-in the price of your home heating oil for next winter while prices are relatively low in the range of the past 2 years. Sure, the price could go down, but I like the odds here. Heating oil is oversold and you can confirm what you will pay for next year. If prices rise sharply from here, you are locked in for the season and you can bank the profit or hold the hedge in case prices go even higher. I think it often makes sense to put positions on that hedge your portfolio and then trade around those hedges. Look to the Dec 2014 Contract for trading, but this contract is plotting the front month only. Tim 6/5/2014 2.85 last 9:15AM EST
NLong
by timwest
7