Heating Oil (HO1) Up $0 On 4 Hour Chart, Entered Today Up 3.69%; Eyes 50 Day Average

Heating Oil 4 Hour Price Update

Updated July 22, 2021 01:53 AM GMT (09:53 PM EST)

Heating Oil closed the last 4 hour candle up 0.2% ($0); this denotes 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 closed the day prior up 3.69% ($0.07); this denotes the 2nd straight day an increase has occurred. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 4th since the day prior in terms of percentage price change. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Heating Oil’s price has gone up 6 of the previous 10 trading days.