Heating Oil 4 Hour Price Update
Updated September 21, 2020 12:50 AM GMT (08:50 PM EST)
Heating Oil came into the current 4 hour candle up 3.72% ($0.04) from the open of the previous 4 hours, marking the 5th consecutive candle an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Heating Oil Daily Price Recap
The end of a 5 day positive run has come for Heating Oil, which finished yesterday down 0.11% ($0). Relative to other instruments in the energy commodity asset class, Heating Oil ranked 4th since yesterday in terms of percentage price change. Below is a daily price chart of Heating Oil.
Heating Oil Technical Analysis
Notably, the current price of Heating Oil is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!
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 Pedro_S_Ascenso:
@QuickDCapital @chigrl Jet crack comes down, but refineries will start changing their cut points to make more gasoline… probably try to blend more jet into heating oil/diesel so it will have a knock on effect on diesel as gas as well
- From Greg22595824:
@ProjectLincoln Why was people from Africa using electric pump empty heating oil,found blasting caps the bus and train station found at depo I. Seattle & Oregon from different military over the boarder when teen runnaway
- From 81watchdog:
@HaveWeAllGoneM1 @TrueNorthCentre FYI filled my home heating oil take this week. Oil cost $397.00 carbon tax $41.00 HST/GST $57.00. SO $98.00 in taxes . And clown JT wants to add more tax.
“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