Heating Oil (HO1) Up $0.04 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Started Today Up 3.48%

Heating Oil 4 Hour Price Update

Updated July 22, 2020 11:09 AM GMT (07:09 AM EST)

Heating Oil closed the previous 4 hours up 3.48% ($0.04); this denotes the 2nd candle in a row it has gone up. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the previous 4 hours in terms of percentage price change.

Heating Oil Daily Price Recap

Heating Oil closed the day prior up 3.48% ($0.04); this denotes the 2nd day in a row it has gone up. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd for the day in terms of price change relative to the day prior. Here is a daily price chart of Heating Oil.

Heating Oil Technical Analysis

Volatility for Heating Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Heating Oil:

  • From therealtglotch:

    @niais Big up front cost, but we installed a geothermal heat pump. It’s connected to our central AC, so it provides heat in the winter (no heating oil for us in the northeast!) and cool air in the summer. It increases electricity usage, so we’ve also installed solar panels.

  • From therealtglotch:

    @niais Now there’s no heating oil expense in the winter and our panels cover ~100% of our electricity usage. This is not a workable solution for lots of folks due to the upfront cost, but the energy savings and tax credits helped us on the back end.

  • From jenncrodland:

    @SapphireSuniver @courtneymilan Some people use heating oil or some other method that is paid separately. So sometimes it would need to separate it out. That fact doesn’t stop this budget from being bullshit, of course. And people still need heat. It’s never 0.