SIGNAL TERMINATED – HEATING OIL LONG – TAKE PROFIT
Analysts are cancelling some analyzes of the growth of heating oil in profit.
ORIGINAL TEXT: Heating Oil Long. Since the beginning of September, the Heating Oil contract has been on a growth trend. Given that Heating Oil largely replaces Natural Gas, analysts expect a reduction in today’s inventories. This should lead to an increase in price. Technically, the market is in a medium-term uptrend.
Graph source: WebTrader