Heating Oil Daily Price Recap
Heating Oil entered today at 0.9916 in US dollars, up 2.3% ($0.0223) from the day prior. Out of the 6 instruments in the energy commodity asset class, Heating Oil ended up ranking 3rd 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
Notably, Heating Oil is now close to its 50 day averages, located at 0.96 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 down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that Heating Oil’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Heating Oil:
- From Sora13518304:
@X10761611 @SANAEnOfficial Were you ever on the ground and asked the people what the Sanctions do to them
Europe for example sanctioned heating oil
So that ORDINARY CIVILIANS FREEZE TO DEATH IN THE WINTER Luckily Iran gave a really strong reaction to the the economic terrorism of the West
- From breeshasdad:
@rbiom They should have already been on this, there was always a chance this would happen. Had they been more proactive, retailers might have been more reticent to price gouge. My shopping has increased massively. We’ve highlighted heating oil already, double the price 5 months later 🤷♂️
- From iwaoijp:
almost burned our house down fuck i forgot i was heating oil to cook chicken fillet i was so immersed in fifteen year old dazai i freakin forgot i was tryna cook dazai what about it