Heating Oil Daily Price Recap
The end of a 4 day negative run has come for Heating Oil, which finished the day prior up 7.91% ($0.0769). Heating Oil outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! Here is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Notably, Heating Oil is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 10 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 Burgholio:
My house has been hovering around 50° for the past week and my roommate refuses to pay for more heating oil “because it isn’t heating season anymore”
These are the people I’ve chosen to surround myself with.
Yesterday I opened a window to let heat INTO my house. 🤣😂😅😶
- From DoreenHunns:
@AngelGotti5 Good time to fill your heating oil tank for next fall and winter.
- From MilesHilarius:
@realDonaldTrump Yay, higher gas and heating oil costs for millions of people out of work. Brilliant.