Heating Oil 4 Hour Price Update
Updated July 28, 2021 01:53 AM GMT (09:53 PM EST)
Heating Oil came into the current 4 hour candle up 0.2% ($0) from the open of the last 4 hour candle, marking the 2nd consecutive candle it has gone up. Heating Oil outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle. Congrats to its holders!
Heating Oil Daily Price Recap
Heating Oil is down 0.33% ($0.01) since the day prior, marking a reversal from the day prior — and the end of a 5 day positive run. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 4th for the day in terms of price change relative to the day prior. The daily price chart of Heating Oil below illustrates.
Heating Oil Technical Analysis
Coming into today Heating Oil is now close to its 20 and 50 day averages, located at 2.12 and 2.1 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Heating Oil’s price has gone up 6 of the previous 10 trading days.