Heating Oil (HO1) Down 5.12%; in a Downtrend Over Past 90 Days

Heating Oil Daily Price Recap

0.9958 was the closing price of the day for Heating Oil, resulting in today being one in which price moved down 5.12% ($0.0537) from the day prior. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the day prior in terms of percentage price change. Here is a 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. For additional context, note that price has gone down 7 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Heating Oil:

  • From LeeJacksonME:

    @ASFried Thanks to Collins, $1.87 billion (yes, with a b) are header to Maine to pay more than 100,000 Maine employees. That’s food, heating oil, car payments- you name it- for more than 100,000 families. No twitter spin simply results. #mepolitics

  • From mattgrayc64:

    Heating oil price at such a low price right now. Two years ago when we had the snow in March it was about 62p a litre. Now just over 22p a litre. A Rare win.

  • From mk1mr2:

    Some of the irony caused by #COVID19 #coronavirus
    1. Petrol~lowest price in years, but we can’t drive anywhere!
    2. Heating oil~lowest price in years, but a 5 week wait for delivery!
    3. We always get food delivered by Tesco, but we have to go to store now as 80 item limit online