Heating Oil (HO1) Up $0 On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Heating Oil 4 Hour Price Update

Updated January 14, 2021 01:54 AM GMT (09:54 PM EST)

Heating Oil closed the last 4 hour candle up 0.2% ($0); this denotes the 2nd consecutive candle it has gone up. On a relative basis, the current 4 hour candle were pretty good: Heating Oil bested all 6 of the assets in the energy commodity class 🙂

Heating Oil Daily Price Recap

Heating Oil closed the day prior up 0.14% ($0); this denotes the 2nd day in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 2nd for the day in terms of price change relative to the day prior. Here is a daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 20 out of the past 30 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.