Heating Oil Daily Price Recap
Heating Oil closed the previous day down 3.77% ($0.0381); this denotes the 4th day in a row a decline has happened. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 4th since the previous day 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 19 out of the past 30 days.