Heating Oil (HO1) Up $0.02 in Last 4 Hours; Started Today Up 1.22%

Heating Oil 4 Hour Price Update

Updated July 30, 2020 11:07 PM GMT (07:07 PM EST)

1.2562 was the closing price of the four-hour candle for Heating Oil, resulting in the current 4 hour candle being one in which price moved up 1.22% ($0.02) from the last 4 hour candle. 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 last 4 hour candle.

Heating Oil Daily Price Recap

1.2562 was the closing price of the day for Heating Oil, resulting in today being one in which price moved up 1.22% ($0.02) from yesterday. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

Notably, Heating Oil is now close to its 20 day averages, located at 1.24 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Heating Oil’s price has gone up 8 them.

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 AelitaStones:

    one time, in the middle of the night, i meant to grab some eyedrops to soothe my dry eyes, you know, as one doesbut at the time i was on this whole heating oil kick because hey, cheaper than buying candlesand grabbed a scented oil bottle instead and well
    that was a shit night

  • From madcap_max:

    @goldenlily2017 Also it’s usually just an innocuous piece of string that you’d generally miss. Our fuel tank was targeted & they tagged a tree branch with a 6inch piece of blue twine & the next night our oil tank was smashed & all our heating oil was stolen just before Xmas #luckywehavefur

  • From JackIsInCharge:

    @mynipsdontlie @WhiteHouse @realDonaldTrump Maybe if you read something besides msdnc, U would recognize the center of America’s energy independence. The Permian Basin keeps your gasoline prices low, your heating oil abundant, & your plastic products in production. Make the popping sound and pull your head outta ur ass.

For a longer news piece related to HO1 that’s been generating discussion, check out:

Thank you, Greens: Home heating oil goes up €14 overnight as Carbon Tax hits | Gript

The problem is that it’s a lot easier, addiction aside, to switch from cigarettes to vaping than it is from home heating oil to geothermal, or whatever, because the cost of switching is miniscule….But that’s not the case with home heating systems….If you want to switch from home heating oil to a more environmentally friendly system, you’re probably facing thousands – maybe tens of thousands – in costs, and the spectre of half your house being dug up so that your whole heating system can be replaced….But with 700,000 homes across Ireland using home heating oil, and even assuming a discounted cost of €5,000 per home to upgrade them all, the state would be facing a bill of €3.5billion for the upgrades….Update: This post originally stated that home heating oil would increase by €65 on foot of the carbon tax increase.