Heating Oil (HO1) Up $0 Over Past 4 Hours, Came Into Today Up For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days

Heating Oil 4 Hour Price Update

Updated September 16, 2020 12:50 AM GMT (08:50 PM EST)

Heating Oil came into the current 4 hour candle up 0.35% ($0) from the open of the last 4 hour candle, marking the 2nd consecutive candle it has gone up. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Heating Oil Daily Price Recap

Heating Oil closed the day prior up 0.44% ($0); this denotes the 3rd consecutive day it has gone up. Relative to other instruments in the energy commodity asset class, Heating Oil ranked 5th since the day prior in terms of percentage price change. The daily price chart of Heating Oil below illustrates.


Heating Oil Technical Analysis

Notably, Heating Oil is now close to its 100 day averages, located at 1.12 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Heating Oil’s price has gone down 16 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Heating Oil:

  • From ShaneCostello10:

    @fingalpimpernel I remember at the height of the Celtic tiger talking to a man with home heating oil business. A lot of homes with a beemer and 4×4 in the driveway would only ever get the minimum heating oil delivery, and even then he struggled to get paid by some of them.

  • From JuliaAltom:

    @pulte I am in need of some funds to get heating fuel and to get my heating oil tank ready for winter. Winter looks like it’s gonna start in a couple weeks and unemployment hasn’t been helping since I live with no internet, anything will help, thank you so much!

  • From eastcoastmomma1:

    @DojaCat420 @NidsoQueen @kanyewest Also try the churches. They usually have local resources that they can refer you to such as helping with heating oil, help with utilities, rent, food ect. Also local organizations for women & children. Hope u find help & also have a healthy delivery 💞

In terms of news links for Heating Oil here’s one to try:

HeatingOilShop is the UK’s only #1 Commission and Charge Free Heating Oil Quote Site

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“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram