Heating Oil Long. According to analysts’ general opinion, fuel oil replicates the development of natural gas and oil. And it’s logical. Both natural gas and fuel oil are subject to the same basic aspect, and that is the winter season. The rising price of oil means the higher price of fuel oil as a residual product after refining. Due to Wednesday’s and Thursday’s energy reserves, nothing stands in the way of returning to the nearest resistance zone, which is around 1.7 point levels.
Chart and table source: WebTrader