NYMEX Heating Oil dull so far today at $2.69, while in the midst of a bearish run

A 3 day downtrend has resulted in the asset losing 8.39 cents. Today is looking a bit better: Heating Oil trades at $2.69 per gallon, after ending yesterday at $2.69.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Despite this, Heating Oil's upper Bollinger Band® is at $2.92 and the lower is $2.67.

Although price action remains in a stalemate, technical analysis suggests NY Heating Oil could be primed for a break to the downside.

Meanwhile, mixed performances are seen in other Energy as Natural Gas is down to $2.27, losing 7.5 cents, after closing at $2.35 in the preceding trading session.