Heating Oil 4 Hour Price Update
Updated June 29, 2020 11:07 PM GMT (07:07 PM EST)
The back and forth price flow continues for Heating Oil, which started the current 4 hour candle off at 1.1273 US dollars, down 2.79% ($0.03) from the previous 4 hours. 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 previous 4 hours.
Heating Oil Daily Price Recap
The choppiness in the recent daily price action of Heating Oil continues; to start today, it came in at a price of 1.1273 US dollars, down 2.79% ($0.03) since the previous day. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 5th 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
First things first: Heating Oil crossed below its 20 and 100 day moving averages 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 another vantage point, consider that Heating Oil’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From Bitchypoo2:
@phillysnowflake @katts73 @cpoliticditto We have 6 kids who grew up aware of their privilege because of this, and now volunteer themselves. Our 5 oldest are in the process of starting our own charity to dovetail with it to help families with heating oil costs because no child should be cold, either.
- From HauntedKerouac:
@SouffleOfTheDay @NateSilver538 @VanessaSelbst I wonder if electrical usage can be indicator of a/c use. i think in warm states there is a consistent increase in electricity useage during summers, that declines substantially in winter. Conversely, i suspect natural gas or heating oil would be similar corlalary in north.
- From garavogue:
@gavreilly No minster positions for North West and West a disgrace and then make up a position for that clown Eamon Ryan Climate and Transport a joke, watch price at pumps go up very quick and home heating oil god help the elderly with him in charge