Heating Oil 4 Hour Price Update
Updated June 26, 2020 03:07 PM GMT (11:07 AM EST)
The back and forth price flow continues for Heating Oil, which started the current 4 hour candle off at 1.1596 US dollars, up 1.15% ($0.01) from the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Heating Oil Daily Price Recap
The back and forth price flow continues for Heating Oil, which started today off at 1.1596 US dollars, up 1.15% ($0.01) from the previous day. 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. Below is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Heating Oil crossed above its 100 day moving average yesterday. 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 up. For additional context, note that price has gone up 8 out of the past 14 days.
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 MuzzMuzzington:
@calvinfroedge Oil being too expensive and fuel being too cheap = refiners not producing = less demand for shipping of productsOil price has been outpacing fuel prices. Gas prices have improved but really need Diesel and Heating oil demand to come back. Not holding my breath on jet fuel.
- From c4_pmc:
@MammalRecorder @WildJustice_org @fieldsportstv We agree with you, though could you please expand this to include: fly-tipping, farm thefts, disposable bbq’s, sheep rustling, lead theft, heating oil theft, burglaries. These are the public’s rural crime priorities. It would be great to get the same level on interest in these!
- From JoelKDay:
Finally, Have you ever thought cities are powerless to confront climate change alone? A student team looked at how carbon tax policies in Boulder and Vancouver could be replicated in San Diego through a tax on household heating oil – a major GHG contributor. 7/