Heating Oil (HO1) Down $0 On 4 Hour Chart, Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

Heating Oil 4 Hour Price Update

Updated September 22, 2020 12:50 AM GMT (08:50 PM EST)

The end of a 5 four-hour candle positive run has come for Heating Oil, which finished the previous 4 hours down 0.11% ($0). Relative to other instruments in the energy commodity asset class, Heating Oil ranked 4th since the previous 4 hours in terms of percentage price change.

Heating Oil Daily Price Recap

Heating Oil is down 3.66% ($0.04) since yesterday, marking the 2nd day in a row it has gone down. 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 yesterday. The daily price chart of Heating Oil below illustrates.

HO1

Heating Oil Technical Analysis

Notably, Heating Oil crossed below its 100 day moving average yesterday. 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. For additional context, note that price has gone up 6 out of the past 10 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 Greg22595824:

    @ProjectLincoln Why was people from Africa using electric pump empty heating oil,found blasting caps the bus and train station found at depo I. Seattle & Oregon from different military over the boarder when teen runnaway

As for a news story related to Heating Oil getting some buzz:

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“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