Heating Oil Commodity Forecast

Sell candidate since Jun 01, 2026 Gain 5.17%

The Heating Oil commodity price gained 2.76% on the last trading day (Wednesday, 3rd Jun 2026), rising from $3.72 to $3.82. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the commodity fluctuated 3.94% from a day low at $3.68 to a day high of $3.82. The price has fallen in 6 of the last 10 days but is still up by 0.57% over the past 2 weeks. Volume fell on the last day by -440 shares and in total, 341 shares were bought and sold for approximately $1.30 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The commodity is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Heating Oil commodity with a 90% probability to be traded between $3.04 and $4.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and commodities seldom manage to go directly from the bottom of a trend up to the top. Commodities turning up in the middle of a horizontal trend are therefore considered to be potential runners.

HOUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Heating Oil commodity holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the commodity giving a more negative forecast for the commodity. On further gains, the commodity will meet resistance from the long-term Moving Average at $3.86. On a fall, the commodity will find some support from the short-term average at $3.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Sunday, April 05, 2026, and so far it has fallen -14.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Heating Oil commodity

On the downside, the commodity finds support just below today's level from accumulated volume at $3.51 and $3.34. There is a natural risk involved when a commodity is testing a support level, since if this is broken, the commodity then may fall to the next support level. In this case, Heating Oil finds support just below today's level at $3.51. If this is broken, then the next support from accumulated volume will be at $3.34 and $3.31.

This commodity has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the commodity moved $0.145 between high and low, or 3.94%. For the last week the commodity has had daily average volatility of 1.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HOUSD) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Heating Oil to open at $3.77, and during the day (based on 14 day Average True Range), to move between $3.77 and $3.88, which gives a possible trading interval of +/-$0.113 (+/-2.99%) up or down from last closing price. If Heating Oil takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.85 (0.77%) than the support at $3.51 (8.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Heating Oil commodity A Buy?

Heating Oil holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this commodity.

Current score: -1.614 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - $3.77 ( 1.26%).

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