VantagePoint’s Hot Market of the Week – Heating Oil

Home Heating Oil Price Hike

Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for energies go here!

• The market moved up 2621 ticks.

• 2621 ticks = $11,008.20 per contract (About 17 trading days)

• When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.

• The hike comes as oil rose above $70 a barrel recently, prompting industry experts to predict further increases in the pipeline.

• There is no current evidence supporting a return to last summer’s record prices, while consumers are equally unlikely to see prices fall over the coming months.