Heating Oil 4 Hour Price Update
Updated September 08, 2020 11:07 PM GMT (07:07 PM EST)
Heating Oil is down 1.05% ($0.01) since the last 4 hour candle, 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 last 4 hour candle.
Heating Oil Daily Price Recap
Heating Oil is down 1.05% ($0.01) since the previous day, marking the 4th day in a row a decrease has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Coming into today Heating Oil is now close to its 100 day averages, located at 1.11 respectively, and thus may be at a key juncture along those timeframes. 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 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to 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