Ulsd futures technical charts for ULSD futures

Technical charts for ULSD futures reveal strong support near $2.35, with RSI approaching overbought territory. A breakout above $2.48 could trigger momentum buying from hedge funds. NYMEX Overview: Petroleum Futures Weaken on Oversupply, US Demand Worries -- OPIS Track forward-looking risk expectations on Heating Oil with the CME Group Volatility Index (CVOL TM ), a robust measure of 30-day implied volatility derived from options on NY Harbor ULSD futures. The ULSD futures curve remains steep, implying that near-term demand strength is dominating supply considerations, with traders cautious ahead of key refinery output reports.