Last Updated January 27, 2021 at 2:50 GMT
The instruments in the Energy asset class that made the biggest moves, on a percentage basis, over the past day were Ethanol, Natural Gas, and Gasoline. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 2nd for the day in terms of price change relative to yesterday.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Or to view things another way, note that out of the past 10 days heating oil’s price has gone up 7 them.
We have so much mineral resources that we can afford to wink at crude oil.
For additional context, note that price has gone up 8 out of the past 30 days.
Or to view things another way, note that out of the past 30 days brent’s price has gone up 21 them.
Whether volatility reverts will be something to watch.
Heating oil outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Whether volatility reverts will be something to watch.