Heating Oil 4 Hour Price Update
Updated September 30, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil is up 1.4% ($0.02) since the last 4 hour candle, marking the 3rd consecutive candle an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Heating Oil Daily Price Recap
The end of a 3 day positive run has come for Heating Oil, which finished the previous day down 3.01% ($0.03). Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Notably, Heating Oil crossed below 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. 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
Behold! Here are the top tweets related to Heating Oil:
- From TraceyOMahony81:
I bought heating oil today and himself turns it on as soon as he gets home like we won the lottery or something 🤣I believe the oil should only be turned on between November & April & rest of year wear 5 jumpers if you are cold (we do not have kids)What do you think 👇
- 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 quiller51:
@efagirard @Mikel_Jollett Grandfather not “oil executive” but manager of small heating oil company. Biden himself was manager of a community organization that offered after school tutoring, daycare and sponsored athletic teams. He started there part time as a student and then worked full time.
“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