Heating Oil 4 Hour Price Update
Updated July 01, 2020 11:07 PM GMT (07:07 PM EST)
Heating Oil is up 1.91% ($0.02) since the previous 4 hours, marking the 2nd candle in a row an upward move 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 previous 4 hours.
Heating Oil Daily Price Recap
Heating Oil closed the previous day up 1.91% ($0.02); this denotes the 2nd day 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 day in terms of price change relative to the previous day. Below is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
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. Or to view things another way, note that out of the past 30 days Heating Oil’s price has gone up 18 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From quinnesq:
@riversNic @br_haley NS has exploded this last decade. Sold over 25,000 last year. Plus moderate Winters… huge installer networks… Efficiency Nova Scotia strongly supports them in the 000’s of Homes they visit… and they’re up against heating oil and expensive electricity. No cheap natural gas
- From themadrush:
@RexChapman People in WWII had rationing for 4 years. Told how much flour, sugar, eggs, potatoes, coffee, butter, heating oil, gas. I doubt one person threw their groceries on the ground, cussing and storming out the store. We’re too soft.
- From doug_hanks:
@jessicabakeman Well… I did once cause a fireball while heating oil in a pot and letting the lid become sealed. Minor, MINOR use of the fire extinguisher under the sink.