SIGNAL TERMINATED – HEATING OIL SHORT – STOP LOSS
Capital Analysis are today closing the analysis from 13.11.2020.
ORIGINAL TEXT: Heating Oil Short. Heating oil has rebounded from local highs, which have been delimiting the market for several months and is targeting prices of 1.19, 1.15 and 1.05. From the point of fundamentals where oil inventories increased yesterday, the decline is a logical result. The Candlesticks technical chart does not indicate another possible increase in heating oil.
Chart source: WebTrader