Heating Oil 4 Hour Price Update
Updated June 24, 2020 03:07 PM GMT (11:07 AM EST)
1.2013 was the closing price of the four-hour candle for Heating Oil, resulting in the current 4 hour candle being one in which price moved down 2.04% ($0.02) from the last 4 hour candle. 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 last 4 hour candle.
Heating Oil Daily Price Recap
The back and forth price flow continues for Heating Oil, which started today off at 1.2013 US dollars, down 2.04% ($0.02) from the day prior. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 5th since the day prior in terms of percentage price change. The daily price chart of Heating Oil below illustrates.
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. For additional context, note that price has gone up 19 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Heating Oil:
- From darth_gaul:
@Cannibal Not much new for me for the last few weeks. Mostly maintenance, oil changes on my wife & daughters cars, changed oil pan on my truck. Waiting on parts for split system ac unit to install and finish installing and plumbing my new heating oil tank. So many projects so little time
- From joncarltonmead:
@sanctionsarewar Yeah, actually it was still Bush when he did that but that was when Chavez came to my attention. When he gave that speech at the UN and called Bush the Devil. He went to NY with Danny Glover and gave OUR people free heating oil.
- From kmd123cat:
@MoneySavingExp Not really down to my effort, but, during the restrictions, domestic heating oil reduced to a third of its highest price in the last 12 years. This is a significant issue to rural communities who are usually reliant on oil for heating and cooking.