Heating Oil (HO1) Down $0.02 On 4 Hour Chart, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Heating Oil 4 Hour Price Update

Updated July 24, 2020 11:08 AM GMT (07:08 AM EST)

Heating Oil closed the last 4 hour candle down 1.21% ($0.02); this denotes the 2nd candle in a row it has gone down. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 3rd since the last 4 hour candle in terms of percentage price change.

Heating Oil Daily Price Recap

Heating Oil came into today down 1.21% ($0.02) from the open of yesterday, 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 yesterday in terms of percentage price change. Below is a daily price chart of Heating Oil.

Heating Oil Technical Analysis

Coming into today Heating Oil is now close to its 20 day averages, located at 1.22 respectively, and thus may be at a key juncture along those timeframes. 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. Or to view things another way, note that out of the past 10 days Heating Oil’s price has gone up 5 them.

Overheard on Twitter

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

  • From ShirtlessHorde:

    @showmekittys @TheTyee 1/
    same as heating oil. I was working in an existing neighbourhood that just got natural gas service. One of the homes got a fuel oil delivery. Before the delivery driver noticed something wrong he’d pumped over 2000 liters of oil into the home.

  • From SageWisdom4:

    @ohJuliatweets @GriffLightning I’ll never forget when “A KENNEDY” Joe to be precise. Had Hugo Chavez ship us Heating Oil, to make G W Bush & America look bad. A Dictator who ruined Venezuela.
    I’ve always despised the Kennedys.

  • From MikkiFerrugiaro:

    One of the good things about #COVID19 …the price of oil.
    Stunned at the miniscule amount I had to pay for my heating oil compared to previous deliveries.Silver linings, I’ll take them wherever I find them.