Oil demand, driven by China is an area of strength, but a slowing Chinese economy could weaken this. However, OPEC’s resolve to keep markets tight is strong. Petroleum product markets – heating oil and gasoline – are especially tight with inventory significantly below normal and prices have hit ‘golden crosses’ : technical analyst parlance for bullish conditions....
Now is the time to make some good money on shorting heating oil here... See the box for support. Too many people think this is going to go up... so here we are.... betting that it all comes crashing down.