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Thursday, 19 May 2016 13:21

Heating oil is getting colder

Heating oil is getting colder

After a nice rally since the beginning of the year, the heating oil contract seems to be currently marking a top. Volume spread analysis, commitment of traders, seasonality and implied volatility level all suggest a violent reversal is imminent.
Of course, as always, this is not a trade solicitation and if you trade you do it at your own risk and responsibility.
See video here


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