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Privacy Policy| SYM | HOM12 | HON12 |
|---|---|---|
| Date | 05/22/12 | 05/22/12 |
| R2 | 289.25 | 289.80 |
| R1 | 287.69 | 288.17 |
| PIVOT | 286.38 | 286.81 |
| S1 | 284.82 | 285.18 |
| S2 | 283.51 | 283.82 |
Heating oil futures and options contracts are based upon what is known as No. 2 fuel oil, which accounts for about 1/4 of the yield of a barrel of crude (the 2nd largest cut after gasoline). Heating oil futures and options are used to hedge against diesel fuel and jet fuel, both of which trade in cash markets at an often stable premium to heating oil futures.
Delivery of the commodity is in New York harbor, the principal cash market trading center. Heating oil futures and options are traded via open outcry and electronically traded on CME Globex.
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Privacy PolicySEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MOST CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED IN THE PAST SEVERAL YEARS.THERE ARE USUALLY UNDERLYING, FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR YEAR.EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST, OR WILL IN THE FUTURE, ACHIEVE PROFITS USING THESE RECOMMENDATIONS.NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE.
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