Heating Oil

(Last Updated March 4, 2021)

Welcome to the news page for Heating Oil (HO1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

The Trend

On HO1, there is currently an uptrend on the 90 and 30 day timeframes.

HO1 Moving Averages

Across several time periods between 20 and 200 days, the trend on HO1 has remained consistently bullish.

The chart below illustrates.

The View From the Weekly Timeframe

Currently, HO1’s price is down $-0.01 (-0.4%) from the week prior. HO1 has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on HO1. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. HO1’s weekly price action over the past 52 weeks can be seen via the chart below.