MVedra

Heating Oil - BreakOut LONG

Long
NYMEX:HO1!   NY Harbor ULSD Futures
Heating Oil this week broke above its 2 year high. The move was confirmed with a strong day's close above the high, and now the weekly bar is closing above - N.B: provided that Heating Oil holds in today's session.

Seasonally August & September are strong months which lends another dimension to a pure chartist approach.

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