The CleanFinancial guide to Heating Oil spread betting.
- Where Can I Spread Bet on Heating Oil?
- Live Heating Oil Charts
- Live Heating Oil Prices
- Heating Oil Trading News and Analysis
- Where Can I Trade Heating Oil for Free?
- Where Can I Practice Trading Heating Oil?
- How to Spread Bet on Heating Oil?
- Commodities Spread Betting Guide
- Heating Oil Commitments of Traders Report
Live Heating Oil Chart & Prices
The interactive CFD chart below offers you a handy guide to the Heating Oil market.This Plus 500 chart usually shows the Heating Oil futures market.
If you want to analyse spread trading prices and charts for Heating Oil, you will generally require a financial spread betting account (accounts are normally dependent on status and suitability checks).
Should your application be accepted then you will be able to log in and review the real time trading charts/prices. These are usually provided for free. Having said that, you’ll probably get the occasional newsletter and/or sales call from your chosen broker.
If you want to trade, remember that financial spread trading and contracts for difference carry a high level of risk to your capital and can result in losses that exceed your initial deposit.
Where Can I Spread Bet on Heating Oil?
Investors are able to trade Heating Oil, and an array of related markets, at:CleanFinancial.com readers should note that you might also be able to take a view on Heating Oil via other websites.
Heating Oil Trading News
5 May 2018, 12:56pm, Updated Heating Oil No. 2 COT Report
The latest Commitments of Traders Report (COT) for Heating Oil No. 2 has been released by the CFTC, see our Heating Oil No. 2 COT report below.
We have also updated our Commodities COT Summary Report.
The latest Commitments of Traders Report (COT) for Heating Oil No. 2 has been released by the CFTC, see our Heating Oil No. 2 COT report below.
We have also updated our Commodities COT Summary Report.
Update by Gordon Childs, Editor, 
» For more see Commodities Trading News & Analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Professional Charting Packages for Heating Oil
Whilst charts tend to differ from firm to firm, the charts usually come with helpful analytical features like:- A broad variety of intervals e.g. 1 minute, 1 hour, 1 day and so on
- Various chart views e.g. bar, candlestick and line charts
- Tools for drawing features e.g. trendlines, Fibonacci time zones, arcs and fans
- Overlays and indicators e.g. Bollinger Bands, Parabolic SAR, TSI and so on
- BackTesting and Optimisation tools
- Custom alerts for when the markets hit a pre-determined level
The following firms provide users with access to real time prices/charts:
- City Index (read review)
- ETX Capital (read review)
- Financial Spreads (read review)
- Finspreads (read review)
- IG (read review)
- Inter Trader (read review)
- Spreadex (read review)
Where Can I Trade Heating Oil for Free?
Any form of trading comes with a degree of risk. However, if you want to open a (free) Practice Account, that allows you to try out spread trading on an array of markets, see below.Furthermore, remember that financial spread betting in the UK is currently free of tax*.
If you’re looking for a free financial spread betting website then investors can trade Heating Oil with no brokers’ fees and no commissions through firms such as:
Free Demo Account
If you are interested in an entirely free Demo Account to get a better feel for financial spread betting, including markets such as Heating Oil, then you can always look into:The spread betting firms listed above currently offer a risk free Demo Account that lets investors access professional level charts, test new theories and practice with a variety of trading orders.
How to Spread Bet on Heating Oil?
As with a variety of energies markets, it is possible to place a spread bet on Heating Oil futures to rise or fall.If you look at a financial spread betting site like FinancialSpreads, you can see they are currently showing the Heating Oil June Futures market at $3.1900 – $3.1930. This means you can spread bet on Heating Oil:
Closing higher than $3.1930, or
Closing lower than $3.1900On the settlement date for this ‘June’ market, 30-May-12.
When spread trading on Heating Oil you trade in £x per $0.0001. As a result, if you chose to have a stake of £3 per $0.0001 and Heating Oil moves $0.0035 then that would alter your P&L by £105. £3 per $0.0001 x $0.0035 = £105.
Heating Oil Futures Trading Example
Taking the spread of $3.1900 – $3.1930, let’s assume:- You have done your market analysis, and
- You think that the Heating Oil market will close higher than $3.1930 by 30-May-12
Therefore, you win £2 for every $0.0001 that Heating Oil rises above $3.1930. Of course, such a bet also means that you will lose £2 for every $0.0001 that the Heating Oil market moves below $3.1930.
In other words, if you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the price you bought the spread at. You then multiply that difference in price by your stake.
Therefore, if, on the expiry date, Heating Oil finished at $3.2010, then:
P&L = (Settlement Level – Initial Level) x stake
P&L = ($3.2010 – $3.1930) x £2 per $0.0001
P&L = $0.0080 x £2 per $0.0001
P&L = £160 profit
Trading commodity markets, by spread betting or otherwise, doesn’t always result in a profit. In this case, you wanted the futures market to increase. However, the price of the commodity can also fall.
If Heating Oil had fallen, settling at $3.1858, you would end up making a loss on this trade.
P&L = (Settlement Level – Initial Level) x stake
P&L = ($3.1858 – $3.1930) x £2 per $0.0001
P&L = -$0.0072 x £2 per $0.0001
P&L = -£144 loss
Note: Heating Oil June Futures market taken as of 26-Apr-12.
Advert:
Heating Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Heating Oil with Financial Spreads.
You can spread bet on Heating Oil with Financial Spreads.
Heating Oil No. 2 Commitments of Traders Report – 15 May 2018 (i)
Futures Only Positions, NYME, Code 22651, (Contracts of 42,000 US gallons) (i)| Reporting Firms (i) | Non-Reportable Positions (i) | ||||||||
| Non-Commercial (i) |
Commercial (i) | Total Reportable (i) | |||||||
| Commitments (i) | Open (i) Interest | Commitments | |||||||
| Long (i) | Short (i) | Spreads (i) | Long | Short | Long | Short | Long | Short | |
| 132,922 | 90,852 | 89,856 | 177,237 | 239,056 | 400,015 | 419,764 | 448,472 | 48,457 | 28,708 |
| Changes from 8 May 2018 (i) | Change in (i) Open Interest | Changes from | |||||||
| Long | Short | Spreads | Long | Short | Long | Short | Long | Short | |
| 7,104 | -2,506 | 8,321 | 10,474 | 18,257 | 25,899 | 24,072 | 24,896 | -1,003 | 824 |
| Percent of Open Interest for Each Category of Trader (i) | |||||||||
| Long | Short | Spreads | Long | Short | Long | Short | Long | Short | |
| 29.6% | 20.3% | 20.0% | 39.5% | 53.3% | 89.2% | 93.6% | 10.8% | 6.4% | |
| Number of Traders in Each Category (i) | Total (i) Traders | ||||||||
| Long | Short | Spreads | Long | Short | Long | Short | |||
| 83 | 39 | 85 | 75 | 83 | 201 | 178 | 229 | ||
| Long/Short Commitments Ratios (i) | Long/Short Ratio | ||||||||
| Ratio | Ratio | Ratio | Ratio | ||||||
| 1.5:1 | 1:1.3 | 1:1 | 1.7:1 | ||||||
| Net Commitment Change (i) | |||||||||
| 9,610 | |||||||||
Also see:
Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.