Heating Oil Futures has been up for four days in a row, gaining 4.94 cents to reach $2.36.

Tentatively higher from an earlier low of $2.31, Heating Oil Futures is up to $2.36 per gallon today, adding 4.94 cents, or 2.13%, to Friday's closing price of $2.31.

Heating Oil broke through the $2.33 resistance, climbing 4 cents above it. Heating Oil Futures made an initial breakout above its 10 day Simple Moving Average at $2.34, a potential indicator of a newly emerging bullish phase.

Overall, looking at the technical analysis landscape, it seems Heating Oil might continue pointing upwards in the short term.

This rally in Heating Oil Futures's price coincides with other Energy as having closed the previous session at $2.14, Natural Gas is up 4.73% today to currently trade at around $2.24. Crude Oil moves up 2.07% to trade around $72.82. Brent Crude Oil gained 1.75% and is now trading at $76.62.

Furthermore, the market is looking at United States EIA Short-Term Energy Outlook scheduled to come out tomorrow at 16:00 UTC.

The commodity has been trending lower for about 3 months. After hitting an important low of $2.21 approximately 5 days ago, Heating Oil Futures has bounced back 4.66% since.