Heating Oil (HO1) Down $0 in Last 4 Hours, Started Today Down 0.03%; Pin Bar Pattern Appearing on Chart

Heating Oil 4 Hour Price Update

Updated June 18, 2020 11:08 AM GMT (07:08 AM EST)

Heating Oil’s 3 four-hour candle positive streak has officially concluded, as the candle from the last 4 hour candle closed down 0.03% ($0). 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 last 4 hour candle.

Heating Oil Daily Price Recap

Heating Oil’s 3 day positive streak has officially concluded, as the candle from yesterday closed down 0.03% ($0). Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Heating Oil.

Heating Oil Technical Analysis

Notably, Heating Oil crossed below its 100 day moving average yesterday. 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 10 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From 1981AIRD:

    date me. i will buy your father’s heating oil business and i will have a giant house built for us and our future children (three daughters) and i will drive us around in my mercedes 500 sec and i will make sure we wear nothing but armani

  • From dr_gero20:

    @ChemicalAnomaly @WitchCherokee @porche_angel @LilSimpathy @The_Zannah @JaggerAs I left for the last time when the deacons voted to use the “benevolence” fund to buy AR-15’s for when the communists attack churches. We had a family who needed heating oil for the winter but that wasn’t important I guess.

  • From MountainEdCarte:

    @AudreyStJames1 Naturally when they left we had to try it. Fortunately they left the roofing sheets all over the ground. It kind of hurt. Then Mom looked out the kitchen window, saw me climbing up the heating oil tank to get on the roof and screamed!