Heating Oil Update

A picture's worth etc...
Weekly Continuation

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The log term implications of the trend line break are significantly lower prices for Heating Oil, see Heating Oil Trend Line .  
Shorter term 1.8150 , as the .382 retrace of the double zig zag up, will be looked for to provide some support. Note the triangle apex is about there as well.
 Mar HO

So far I don't identify the "moment of recognition" associated with a -3- of 3 down. Guessing it's still to come, possibly when Mar takes out 1.93, the overlap of the last move up.

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On the Mar daily 1.80 shows up as support again.


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