Heating Oil (HO1) Up $0.02 On 4 Hour Chart, Started Today Up 3.72%; in a Downtrend Over Past 30 Days

Heating Oil 4 Hour Price Update

Updated September 18, 2020 12:50 AM GMT (08:50 PM EST)

Heating Oil is up 1.81% ($0.02) since the last 4 hour candle, marking the 4th 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 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Heating Oil Daily Price Recap

Heating Oil closed yesterday up 3.72% ($0.04); this denotes the 5th day in a row an upward move has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

Notably, Heating Oil crossed above its 100 day moving average yesterday. 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. Or to view things another way, note that out of the past 14 days Heating Oil’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Heating Oil:

  • From ImmigrSchorschi:

    @monteblan @philleehh @HalifaxBank @Markus_Soeder Has been big in heating oil & petroleum & still is with now wood pellets. You must see dozens of tankers going to Ingolstadt refinery. Yes agriculture is big. We get a lot of our building stuff from them eg roof tiles when we re-roofed 2017. Now a big test … What is “BP” ? /2

  • From Virginian_x:

    @CWeston_Indo UK VAT on home heating oil is 5%, we already pay 13.5%+ “Carbon tax”. All the while Jet Fuel continues to be taxed at 0%.

  • From DaMichaelangelo:

    @dbongino And how much will electricity cost ? Gasoline ? Heating oil ?
    Rubber products ? Ground meat ?F—-Biden… Marxist Kook…

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