Heating Oil 4 Hour Price Update
Updated September 24, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil closed the previous 4 hours down 1.51% ($0.02); this denotes the 3rd consecutive candle a decrease has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 5th since the previous 4 hours in terms of percentage price change.
Heating Oil Daily Price Recap
Heating Oil came into today down 0.22% ($0) from the open of the previous day, marking the 4th day in a row a decrease has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 5th for the day in terms of price change relative to the previous day. The daily price chart of Heating Oil below illustrates.
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 down. Or to view things another way, note that out of the past 30 days Heating Oil’s price has gone down 18 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Heating Oil for the past day were:
- From iIIdyke:
OOMFS. lets say, a bug jumped into the pan while i was heating oil and died, so i flicked it out of the pan and it landed on a knife. then, hypothetically, i picked up the knife and brought it to the flame to set the DEAD bug on fire. in this situation would that make me evil.
- From Sunnysideupfar2:
@realDonaldTrump @WhiteHouse Thank you Mr. president . Our heating oil is 1.88 a gallon. What a blessing to our family. I have 2 first time voters ( daughters ) that will be voting for you and they can’t wait to cast that vote. God keep you.
- From PMatzko:
Sign that you’re a history nerd: when you’re looking for a heating oil supplier in central Maine and you’re tempted to pick Fabian Oil b/c it’ll make you chuckle every time you get a delivery and think about posh, interwar British socialists.
“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