Heating Oil (HO1) Down 3.38%; in a Downtrend Over Past 90 Days

Heating Oil Daily Price Recap

Heating Oil closed the previous day down 3.38% ($0.0337); this denotes the 2nd day in a row a decrease has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd 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

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 90 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 11 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Heating Oil for the past day were:

  • From CrazyCa56780547:

    @jilly284 @mortgageprison @JohnGlenUK @TheFCA Free the #ukmortgageprisoners we have suffered since 2008 – ridiculously I am better off with the Coronavirus pandemic because with 3 month mortgage holiday I can afford to buy heating oil and eat! Even with a reduced income! @DerekThomasUK @RishiSunak @JohnGlenUK @mortgageprison

  • From CatsInFrance:

    Just taken delivery of 1000L of heating oil. Price a full third less of what we paid for same amount in December 2019.
    Said thanks to driver, and wished him good health as well as a good day.

  • From KenEmpie:

    @realDonaldTrump What that means is that the American people will be paying more for their gas and heating oil. Our President’s loyalty is not with the American people, but with Russia and Saudi Arabia. #70DaysDeadlyDelay
    #DumpTrump2020