A slow down? After four days of going up, Heating Oil is flat today, hovering around $2.41.

NY Heating Oil trades at $2.41 per gallon, after ending yesterday at $2.41.

United States GDP is next today at 12:30 UTC.

Uncertainty around NY Heating Oil is reflected by published market data as Crude Oil Inventories in United States fell short of market expectations (-920,000) with a reading of -12.46 million, continuing the decline from the previous figure of 5 million. United States 5-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.749, while the previous figure was 3.5. United States Cushing Crude Oil Inventories came out at 1.76 million, while a consensus of analysts was expecting 804,000.

Heating Oil's upper Bollinger Band® is at $2.46, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests Heating Oil is positioned for a downward move in the near term.

Furthermore, the market is looking at United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released today at 14:00 UTC. Tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to 0% from the preceding figure of 0.2%. Projections for United States GDP are set for a continuation of decline with 1.1 while previous data was 2.6; data will be released today at 12:30 UTC.

6 months ago Heating Oil reached a significant high of $4.65 but has consequently lost 48.11% since then.