Monday, December 14, 2009

Heating Oil and Gasoline

Lest we forget....

click on chart to enlarge

The products certainly don't look ready to reverse yet; both are consolidating at the lows. 
What levels are to be looked for in the next leg down? If the Rbob is in a little 4th , 5=1 around 1.73 for the spot chart.

BTW that would likely drag crude.

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