Heating Oil 4 Hour Price Update
Updated June 30, 2020 11:07 PM GMT (07:07 PM EST)
1.1702 was the closing price of the four-hour candle for Heating Oil, resulting in the current 4 hour candle being one in which price moved up 3.81% ($0.04) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the previous 4 hours in terms of percentage price change.
Heating Oil Daily Price Recap
The choppiness in the recent daily price action of Heating Oil continues; to start today, it came in at a price of 1.1702 US dollars, up 3.81% ($0.04) since the previous day. 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 and 100 day moving averages 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Heating Oil’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From Bitchypoo2:
@phillysnowflake @katts73 @cpoliticditto We have 6 kids who grew up aware of their privilege because of this, and now volunteer themselves. Our 5 oldest are in the process of starting our own charity to dovetail with it to help families with heating oil costs because no child should be cold, either.
- From themadrush:
@RexChapman People in WWII had rationing for 4 years. Told how much flour, sugar, eggs, potatoes, coffee, butter, heating oil, gas. I doubt one person threw their groceries on the ground, cussing and storming out the store. We’re too soft.
- From doug_hanks:
@jessicabakeman Well… I did once cause a fireball while heating oil in a pot and letting the lid become sealed. Minor, MINOR use of the fire extinguisher under the sink.