Heating oil: price decrease during summer 2013?

July 3, 2013 - PRLog -- After some substantial price increases during the haf of this year, the oil price decreases in Germany, Austria and Switzerland. Much of the price decreasewas priced in already in the domestic heating oil prices.

The 900 dollar resistance that the gas oil price was accrued (market value of heating oil and diesel) showed stable on the commodity exchanges. At the same time, the euro held above its support level of 1.26 U.S. dollars

The short-term stock market performance gives hope that heating oil during the next weeks is cheaper again. And also a look at the picture of the chart heating oil prices still looks good (http://www.wer-ist-billiger.de/heizoelpreise/). In all three countries reveals a slightly downward who has trained since beginning of this Year. With the recent price increase in the price of heating oil has reached the top. A further increase in oil prices would lead to a break in the trend and caution signal.
We can reasonably assume that the price will remain stable during the coming weeks.