Medium term view - Heating Oil, continuation (F9), NewYork : The MACD is falling.
The trend is still bullish, but it could slow down. Indicators are overbought. The next target is at $250.60. The invalidation level is below $204.80.Arguments :
- The resistance has been shortly breached, but it is now reinstated. Prices can fall.
- The 62% retracement is causing the fall.
- The MACD is falling.
- The moving average is supporting prices.
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