COMMODITY
HEATING OIL
February 08, 2025 at 10:35 AM
Heating oil shows clear downward momentum with prices dropping to $2.40, now testing crucial support. Heavy trading volume suggests increased market participation and potential for sharp moves.
Watch the key support level at $2.20 - a break below could trigger accelerated selling. Current price sitting at midpoint of range, making this a critical decision point for traders.