Heating Oil 4 Hour Price Update
Updated September 14, 2020 12:50 AM GMT (08:50 PM EST)
The choppiness in the recent four-hour candle price action of Heating Oil continues; to start the current 4 hour candle, it came in at a price of 1.08 US dollars, down 1.94% ($0.02) since the previous 4 hours. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the previous 4 hours in terms of percentage price change.
Heating Oil Daily Price Recap
Heating Oil entered today at $1.0889, up 0.82% ($0.01) from the previous day. 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. The daily price chart of Heating Oil below illustrates.
Heating Oil Technical Analysis
Notably, Heating Oil is now close to its 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Heating Oil’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From thatbrian:
@D_B_Harrison What bothers me most about this, Darrell, is that these people get themselves into debt for non-necessities, and then, when the economy tanks, want people like you and me to pay the rent, mortgage, food, heating oil. . . that they “can’t afford”.
- From Priceyt:
@clare_mtb @richard_bloke Having done this twice in a row (the second time was mid February) I got an 2nd hand watchman oil level indicator off eBay, paid £40 for it.
If there is a silver lining heating oil is cheap at the moment…
- From clare_mtb:
5.30am, my heating oil’s run out and boiler locked out.. and my electric immersion switch is fucked- took off the front and the switch is boxed in behind. That’s no hot water this weekend then. Big Fat Fuck. FUCKKKKK
As for a news story related to Heating Oil getting some buzz:
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“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