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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