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Covered Commodity and Power Product

Heating Oil (ULSD)

HO=F · Front-month continuous futures · USD per gallon

Current futures price$4.28
Current price$4.28
Daily return-1.2%
Weekly return-3.2%
Monthly return-9.7%
YTD return+101.9%
Contract monthDec 26
Contract expirationUnavailable
Rollover statusProvider-managed front-month continuous series; exact rollover methodology not supplied
Contract seriesFront-month continuous futures
RegionUnited States
Price-feed statusDelayed market data enabled
UnitsUSD per gallon
CurrencyUSD
ProviderYahoo Finance delayed futures data
Timestamp

Historical chart

Heating Oil (ULSD) historical futures price 5.034.814.594.384.162026-10-092026-10-152026-10-202026-10-232026-10-292026-11-042026-11-09 Date Futures price
2026-10-09 to 2026-11-09 · Range 4.21 to 4.98

AI-Assisted Chart Analysis

Heating Oil (ULSD) technical analysis

Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.

Technical only
Trend

Mixed trend: the latest level is below its 20-period average, without full long-term confirmation.

Momentum

RSI is 32, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 4.21. A break below 4.21 invalidates the near-term support setup.

Resistance scenario

The first resistance/watch zone is 4.98. A confirmed break above 4.98 supports continuation.

Risk

Annualized realized volatility is +48.9%. Maximum lookback drawdown is -15.6%, from a high-water mark of 4.98 to 4.21.

Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.

Current signal

  • Heating Oil (ULSD) front-month continuous futures are trading at 4.3425 USD per gallon, reflecting a modest daily gain of 0.25%.
  • The current price level sits within a broader corrective trend, evidenced by a 1.79% decline over the past week and an 8.36% contraction over the past month.
  • The market remains in a long-term uptrend on a year-to-date basis, showing a 104.78% increase, though current price action is dominated by short-term downward momentum.

What changed

  • Heating Oil prices rose by 0.0108 USD per gallon in the latest session, marking a slight recovery from recent selling pressure.
  • The asset has experienced significant volatility over the last 30 days, with the 8.36% monthly decline offsetting a portion of the substantial year-to-date gains.
  • The current price of 4.3425 USD per gallon represents a stabilization attempt following a week of negative performance.

Why it matters

  • The divergence between the strong year-to-date performance and recent monthly weakness suggests a potential shift in market sentiment or a re-evaluation of supply-demand balances.
  • As a refined product, Heating Oil price movements directly impact energy-intensive sectors and consumer heating costs, serving as a key indicator for inflationary pressure in energy markets.
  • The ongoing correction highlights the sensitivity of the front-month contract to immediate market conditions, distinct from the structural uptrend observed earlier in the year.

Bullish factors

  • The asset maintains a robust year-to-date gain of 104.78%, indicating strong underlying structural support despite recent pullbacks.
  • The latest session shows a positive price change of 0.25%, suggesting potential buying interest at current support levels.

Bearish factors

  • The contract has posted a 1.79% decline over the past week, signaling continued short-term selling pressure.
  • A 8.36% decline over the past month indicates that the asset is currently in a corrective phase, struggling to maintain momentum from earlier in the year.

Key catalysts

  • Future price direction will be contingent on official EIA petroleum status and refinery reports, which provide the necessary context on inventories, implied demand, and refinery utilization rates.
  • Market participants are monitoring crack spreads and seasonal specifications, which are critical determinants for Heating Oil valuation.

Key risks

  • The primary risk to the current price signal is the lack of immediate supply-demand data in the current evidence window, making it difficult to attribute the recent 8.36% monthly decline to specific fundamental drivers.
  • Volatility in the front-month continuous series may be exacerbated by rollover dynamics, which are managed by the provider and not explicitly detailed in current observations.

Upcoming reports

  • Market participants await the next release of EIA petroleum status reports to clarify the supply-demand balance and potential shifts in refinery utilization.
  • Ongoing monitoring of official energy inventory data remains the primary framework for assessing future price volatility.

Latest verified updates

  • The front-month continuous Heating Oil contract is currently priced at 4.3425 USD per gallon as of the latest delayed futures data.
  • The CME Group provides the official contract specifications for this asset, confirming the USD per gallon unit structure for the United States region.

Sources

Yahoo Finance delayed futures data

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