Heating Oil (HO1) Up $0 On 4 Hour Chart, Started Today Up 1.39%; Breaks Above 100 Day Average

Heating Oil 4 Hour Price Update

Updated July 21, 2021 01:53 AM GMT (09:53 PM EST)

Heating Oil closed the previous 4 hours 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

The choppiness in the recent daily price action of Heating Oil continues; to start today, it came in at a price of 2.0127 US dollars, up 1.39% ($0.03) since the day prior. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 2nd since the day prior in terms of percentage price change. Below is a daily price chart of Heating Oil.

HO1

Heating Oil Technical Analysis

First things first: Heating Oil crossed above its 100 day moving average yesterday. 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. Or to view things another way, note that out of the past 14 days Heating Oil’s price has gone up 8 them.