Heating Oil 4 Hour Price Update
Updated September 09, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil came into the current 4 hour candle down 1.05% ($0.01) from the open of the previous 4 hours, marking the 4th straight candle it has gone down. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Heating Oil Daily Price Recap
Heating Oil closed yesterday down 5.05% ($0.06); this denotes the 5th day in a row a decrease has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Heating Oil below illustrates.
Heating Oil Technical Analysis
Notably, Heating Oil crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From PixelJanosz:
@TheCartoonLoon Also petrol can be any colour you like. It’s dyed. So is diesel. So is heating oil, even though it’s technically the same thing as diesel it is taxed differently so they give it a different colour and will fine your ass if you put heating oil in your diesel car.
- From diodjarin:
frankie morales has a collection of ballcaps like the heating oil one he wears in triple frontier. he has plain ones to just wear every day but he also has seasonal ones with ghosts on it for halloween and xmas trees for the holidays.
- From breeshasdad:
@DeficitIom @christhomasiom Using ‘average’ prices probably won’t work although tracking wholesale prices and market costs of capital might.
This ‘average’ model doesn’t work for our Road fuel OFT modelling, they use a selective fuel seller comparator across.
We have nothing for Heating oil.
“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram