Heating Oil 4 Hour Price Update
Updated September 29, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil came into the current 4 hour candle up 0.76% ($0.01) from the open of the previous 4 hours, marking the 2nd consecutive candle an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Heating Oil Daily Price Recap
Heating Oil is up 1.4% ($0.02) since the previous day, marking the 3rd straight day an upward move 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
First things first: Heating Oil crossed above its 20 day moving average yesterday. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 6 out of the past 10 days.
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 DutchOhioan:
@VaGyver Wow! Wife and I lived in a house out in the boonies for about a year, year and a half, and we were spending $800 to $1100 a month for heating oil. Owner said it was perfectly normal 🤦♂️
Was so drafty, you could see the curtains moving in the wind, furnace likely older than me
- From HarphamPeg:
@logosaetos I live in the Interior of Alaska. Ours is around $3 a gallon depending on what gas station you go to. Heating oil is $1.75 a gallon right now. In the villages, off the road system it can be as low as $6 and as high as $12.
- From Dalesrider1:
@BoughtVampir @sbrown5858 @custom_tom I have some of my Dad’s some of which were my Grandad’s, it feels good to use them, thinking about my Dad rewiring his tractor with the same tools I’m using or my Grandad building a shed around his heating oil tank etc.
“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