Heating Oil 4 Hour Price Update
Updated September 23, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil closed the previous 4 hours down 3.66% ($0.04); this denotes the 2nd candle in a row it has gone down. 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 closed the day prior down 1.51% ($0.02); this denotes the 3rd day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 5th since the day prior in terms of percentage price change. 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 down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Heating Oil:
- From daleizcrazy:
Can you imagine being so poor you have to buy home heating oil by the 5 gallon jug? I can. Sara Gideon sponsored a bill that would increase our gas and home heating oil prices 40 cents a gallon. Sara Gideon is a millionaire. She doesn’t understand working families in Maine.
- From BybeeWinecloud:
What started this was we said we used to prefer to go to Citgo when they were all VZ gas and she seemed glad that GWB refused free heating oil from Chavez to poor Midwesterners suffering from inflated heating oil prices after Katrina took out a lot of US oil processing
- From Sunnysideupfar2:
@realDonaldTrump @WhiteHouse Thank you Mr. president . Our heating oil is 1.88 a gallon. What a blessing to our family. I have 2 first time voters ( daughters ) that will be voting for you and they can’t wait to cast that vote. God keep you.
“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