Heating Oil (HO1) Up $0.01 On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Heating Oil 4 Hour Price Update

Updated July 28, 2020 03:07 AM GMT (11:07 PM EST)

Heating Oil closed the last 4 hour candle up 0.49% ($0.01); this denotes the 2nd candle in a row an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd 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 up 0.49% ($0.01) since the previous day, marking the 2nd day in a row it has gone up. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

Notably, the current price of Heating Oil is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Heating Oil’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Heating Oil:

  • From cartygirl1:

    @RossHorgan @AlbertoAngelo17 These things won’t be provided because they’re too expensive and the Gov won’t pay for them. There won’t be masks or visors provided either. There isn’t that sort of money given to schools, ever. I mean, we have to ask for voluntary contributions to buy toilet paper & heating oil

  • From LYNYRD80:

    @groth1945 Can this be used to make Tires? Most, if not all Aircraft tires are made from natural rubber. And the “new wire coating”, mice love it, they eat it. Heating oil, NYC uses it, will disappear.

  • From LlcYoungers:

    Home heating oil is non-explosive and thus very safe. Mixing with air cannot make it explosive either. A lit match would be extinguished if dropped into it.