Heating Oil (HO1) Up $0.01 On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Heating Oil 4 Hour Price Update

Updated September 15, 2020 12:50 AM GMT (08:50 PM EST)

The back and forth price flow continues for Heating Oil, which started the current 4 hour candle off at 1.0896 US dollars, up 0.67% ($0.01) from the last 4 hour candle. On a relative basis, the current 4 hour candle were pretty good: Heating Oil bested all 6 of the assets in the energy commodity class 🙂

Heating Oil Daily Price Recap

Heating Oil closed the previous day up 0.32% ($0); this denotes the 2nd day in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd 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

The first thing we should note is that the current price of Heating Oil is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Heating Oil’s price has gone down 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 ShaneCostello10:

    @fingalpimpernel I remember at the height of the Celtic tiger talking to a man with home heating oil business. A lot of homes with a beemer and 4×4 in the driveway would only ever get the minimum heating oil delivery, and even then he struggled to get paid by some of them.

  • From JuliaAltom:

    @pulte I am in need of some funds to get heating fuel and to get my heating oil tank ready for winter. Winter looks like it’s gonna start in a couple weeks and unemployment hasn’t been helping since I live with no internet, anything will help, thank you so much!

  • From Nancique:

    @MimiTexasAngel @AndrewYang @MrTheatrics Should be eaten as chemical is in us all naturally ie; once it’s burned chemical changes aren’t healthy.Example: Olive Oil has a low hearing temperature and should be used over already cooked food. Otherwise turns into trans fat.*Highest Heating Oil is Sunflower
    Nice Day!!

In terms of news links for Heating Oil here’s one to try:

HeatingOilShop is the UK’s only #1 Commission and Charge Free Heating Oil Quote Site

We make it easier and quicker for you to obtain multiple heating oil prices from all suppliers to your postcode….So, if you are spending valuable time searching for that elusive competitive heating oil price by phoning heating oil suppliers or visiting their websites for quotes, then our site will make it easier for you?

“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