On November 22, 2024 it was noted that Heating Oil (NY Harbor ULSD No. 2 Diesel) was expected to decline going into 2025. This is based on Commercial Trader positions, which are currently above the previous reading recorded on February 25, 2020. The descending triangle formation indicates a sharp decline is expected. Stock markets are also expected to fall.
Note that this information is for educational purposes only and not a recommendation.
$HOIL chart courtesy of StockCharts.com.
