Heating Oil 4 Hour Price Update
Updated June 25, 2020 03:08 PM GMT (11:08 AM EST)
Heating Oil closed the last 4 hour candle down 4.57% ($0.05); this denotes the 2nd candle in a row a decline has happened. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the last 4 hour candle in terms of percentage price change.
Heating Oil Daily Price Recap
Heating Oil came into today down 4.57% ($0.05) from the open of the previous day, marking the 2nd day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Heating Oil below illustrates.
Heating Oil Technical Analysis
First things first: Heating Oil crossed below its 100 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 up over that time. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Heating Oil:
- From darth_gaul:
@Cannibal Not much new for me for the last few weeks. Mostly maintenance, oil changes on my wife & daughters cars, changed oil pan on my truck. Waiting on parts for split system ac unit to install and finish installing and plumbing my new heating oil tank. So many projects so little time
- From MuzzMuzzington:
@calvinfroedge Oil being too expensive and fuel being too cheap = refiners not producing = less demand for shipping of productsOil price has been outpacing fuel prices. Gas prices have improved but really need Diesel and Heating oil demand to come back. Not holding my breath on jet fuel.
- From c4_pmc:
@MammalRecorder @WildJustice_org @fieldsportstv We agree with you, though could you please expand this to include: fly-tipping, farm thefts, disposable bbq’s, sheep rustling, lead theft, heating oil theft, burglaries. These are the public’s rural crime priorities. It would be great to get the same level on interest in these!