Heating Oil Futures Decline

After finding resistance around the 2.9450 level on Thursday (2.9466) and Friday (2.9438), Heating Oil futures reached 2.9450 in Monday's trading and sold off. The ensuing decline breached Friday's low (2.9217) and has found temporary support at 2.9097. If the decline continues though the current low, it may find support at the November 14 low (2.8876).