Heating Oil (HO1) Down $0.01 Over Past 4 Hours; Came Into Today Down For the 2nd Day In A Row

Heating Oil 4 Hour Price Update

Updated July 20, 2020 03:07 PM GMT (11:07 AM EST)

Heating Oil came into the current 4 hour candle down 0.84% ($0.01) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone down. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Heating Oil Daily Price Recap

Heating Oil is down 0.84% ($0.01) since the day prior, marking the 2nd day in a row a decline has happened. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the day prior in terms of percentage price change. Below is a 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 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 additional context, note that price has gone down 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 AccssbleInvstor:

    @nykatta @WSJ @Spencerjakab USO is a trash fund. There’s better ways to hedge out there.I read your tweet as home heating so I was thinking nat gas as the primary heating source. Heating oil is more specific, but I would try to go long with options of a home heating oil provider before using USO

  • From etzrimon:

    @edgar_a_bitch it’s HOT & I’m ALLERGIC to the AIR & there are BITING CREATURES and BUZZY SLEEP-THIEF FLIESI don’t like winter either because I often nearly die in winter & being able to afford enough heating oil is stressful af & I hate Christmas but at least plants aren’t trying to kill me

  • From StuteeMishra:

    Attempted making some bhajiya, the kind you get in Mumbai, and forgot to add salt :/With that I complete the three most iconic mistakes in cooking, adding salt instead of sugar in Chai, heating oil in wet pan and now no salt bhajiya. If this was 1950s I would never get married.