Heating Oil 4 Hour Price Update
Updated July 24, 2020 11:07 PM GMT (07:07 PM EST)
Heating Oil came into the current 4 hour candle down 1.21% ($0.02) from the open of the last 4 hour candle, marking the 2nd candle in a row a decline has happened. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the last 4 hour candle in terms of percentage price change.
Heating Oil Daily Price Recap
Heating Oil closed yesterday down 1.21% ($0.02); this denotes the 2nd day in a row a decline has happened. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Coming into today Heating Oil is now close to its 20 day averages, located at 1.22 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that Heating Oil’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Heating Oil:
- From ShirtlessHorde:
@showmekittys @TheTyee 1/
same as heating oil. I was working in an existing neighbourhood that just got natural gas service. One of the homes got a fuel oil delivery. Before the delivery driver noticed something wrong he’d pumped over 2000 liters of oil into the home.
- From SageWisdom4:
@ohJuliatweets @GriffLightning I’ll never forget when “A KENNEDY” Joe to be precise. Had Hugo Chavez ship us Heating Oil, to make G W Bush & America look bad. A Dictator who ruined Venezuela.
I’ve always despised the Kennedys.
- From BexxyCheese22:
@Balegde_ A landlord charged me for a 3/4 full tank of heating oil that we signed for – not knowing the gauge was faulty and the tank was empty. £850 deposit lost. Some landlords are actual arseholes.