Heating Oil 4 Hour Price Update
Updated July 07, 2020 07:07 AM GMT (03:07 AM EST)
Heating Oil closed the previous 4 hours up 1.73% ($0.02); this denotes the 5th candle in a row an increase has occurred. 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
Heating Oil is up 1.73% ($0.02) since the day prior, marking the 5th day in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Heating Oil below illustrates.
Heating Oil Technical Analysis
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 up 7 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Heating Oil:
- From filmsbye:
come close to getting in. the ability to make money doesn’t impress anybody around here. must be nice. he made $300,000 in a summer? he likes meterorology. you said it was oil futures. you can read the weather, you can predict the price of heating oil. i think you asked me that –
- From WillRayValentin:
@racheladhe Maybe we could invent a liquid product that goes on a truck? Have people on the east coast fill their basements w big tanks of it. Use that to heat their homes. Only creates 5x as much GHG emissions and is significantly more dangerous. I will name this product, heating oil.
- From dodgsonwood:
@willpenrievans Disused heating oil tanks make a very good and affordable alternative, recycling at its best, just cut a hole in the front with a saw, quick was out with soap and water and it’s good to go