Heating Oil 4 Hour Price Update
Updated October 14, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil entered the current 4 hour candle at $1.1602, down 2.44% ($0.03) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 4th since the previous 4 hours in terms of percentage price change.
Heating Oil Daily Price Recap
The back and forth price flow continues for Heating Oil, which started today off at 1.1667 US dollars, up 0.56% ($0.01) from the previous day. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Heating Oil.
Heating Oil Technical Analysis
Coming into today the current price of Heating Oil is sitting close to its 20, 50 and 100 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. Or to view things another way, note that out of the past 30 days Heating Oil’s price has gone up 15 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From DemocracyinDone:
@EamonRyan These cycle projects around cities will be great for us pensioners living in rural Ireland, great to see increase in petrol and diesel that will help us, also the increase in car tax and home heating oil,. How many wage increases did you get this year we haven’t had one in 2yrs?
- From PersianArchaeo1:
@BernieSanders Bernie, If we do what you want, the U.S. will be economically a 3rd world nation. China and India will control the world economy. We’ll be dependent on foreign oil, gas prices Heating oil will not be affordable and food prices will skyrocket. Venezuela will look like paradise
- From JohnLalor18:
Its cool but sunny tonight on the West Wicklow border. Winter is near, and 2020 will probably end with nightmare snow and ice. La Nina suggests a very cold Winter, like 2010. Buy in heating oil, coal and turf. Food too. Sorry to be so negative.
“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