Heating Oil (HO1) Up $0.01 in Last 4 Hours, Came Into Today Up For the 4th Straight Day; in a Downtrend Over Past 30 Days

Heating Oil 4 Hour Price Update

Updated September 17, 2020 12:50 AM GMT (08:50 PM EST)

Heating Oil closed the last 4 hour candle up 0.75% ($0.01); this denotes the 3rd candle in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Heating Oil Daily Price Recap

Heating Oil came into today up 1.81% ($0.02) from the open of the previous day, marking the 4th straight day an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

The first thing we should note is that Heating Oil is now close to its 100 day averages, located at 1.13 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that Heating Oil’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From EndCulturalWar:

    @NiallcNPC31 @JBuckleyMLA @richardtgarland There has always been 2 different customs and tax regimes, with a customs border, as those in ROI found out when ordering home heating oil from NI and were told they’d have duty to pay.The border never went away you know.I suggest that you take that up with Dublin & Brussels.

  • From eastcoastmomma1:

    @DojaCat420 @NidsoQueen @kanyewest Also try the churches. They usually have local resources that they can refer you to such as helping with heating oil, help with utilities, rent, food ect. Also local organizations for women & children. Hope u find help & also have a healthy delivery 💞

  • From JohnRLottJr:

    @CheriJacobus .@CheriJacobus, why do u mislead ppl?
    -Biden promises to restore the $695 Obamacare tax on those not buying Obamacare. Rs ended that tax on 5 million Americans—75% of whom earned <$50,000 a year.
    -Carbon tax on anyone driving car, home heating oil, buying most products. Everyone.

For a longer news piece related to HO1 that’s been generating discussion, check out:

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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