1D Channel Down. Short on low break out.

Heating Oil is trading within a long term 1D Channel Down and is coming off the most recent Lower High (RSI = 45.169, MACD = -0.007, Highs/Lows = -0.0171, B/BP = -0.0334). The downside potential is significant but we will only go short if the August 02 low (2.0863) breaks. TP = 2.0421.
Chart PatternsCommoditiesEnergy CommoditiesheatingoilHO1!Technical IndicatorsOilTrend Analysis

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