Heating Oil 4 Hour Price Update
Updated September 10, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil is down 5.05% ($0.06) since the previous 4 hours, marking the 5th straight candle 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 is up 2.63% ($0.03) since the day prior, marking a reversal from the day prior — and the end of a 5 day negative run. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Coming into today 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. Or to view things another way, note that out of the past 14 days Heating Oil’s price has gone down 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From dhaessel0:
@2Contango If we get a cold cold winter, won’t that be good for heating oil and propane demand? Are we not all betting on an extremely long long abnormally brutal winter (thanks to the grand solar minimum – solar cycle 25 => or is that only me) to save the tanker industry.
- From PixelJanosz:
@TheCartoonLoon Also petrol can be any colour you like. It’s dyed. So is diesel. So is heating oil, even though it’s technically the same thing as diesel it is taxed differently so they give it a different colour and will fine your ass if you put heating oil in your diesel car.
- From hsullivan34:
@SenSusanCollins Are you kidding? The president is an unpatriotic sociopath. You knew–just as we all did–and you’ve done nothing but enable him. Maine can afford a tax on heating oil; it can’t afford a traitorous Senator.
“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