Gasoline (XB1) Down $0 in Last 4 Hours, 2 Day Up Streak Broken; in an Uptrend Over Past 90 Days
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 4th for the day in terms of price change relative to yesterday.
Energy Commodities
Last Updated April 14, 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 Natural Gas, Ethanol, and Crude Oil. 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.
Trend News
On a 90 day basis, the strongest trend appears on Ethanol. Price action traders will also want to note that a base appears to be forming on Gasoline. Price bases often precede increases in volatility and a clear trend.Moving Averages In The Energy Commodity World
Pairs that crossed notable moving average levels include Heating Oil and Gasoline; they crossed their 20 and 20 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Gasoline has perhaps the strongest trend. See the chart below.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Fares the Worst Out of energy commodity; But Still in an Uptrend Over Past 14 Days
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.
Crude Oil (CL1) Down $0.15 Over Past 4 Hours; 2 Day Up Streak Snapped
Out of the 6 instruments in the energy commodity asset class, crude oil ended up ranking 5th for the day in terms of price change relative to the day prior.
Ethanol (DL1) Down $0 in Last 4 Hours, Entered Today Down For 2nd Straight Day; Pin Bar Pattern Appearing on Chart
Out of the 6 instruments in the energy commodity asset class, ethanol ended up ranking 3rd for the day in terms of price change relative to the previous day.
Brent (CO1) Down $0.1 On 4 Hour Chart, Entered Today Up 0.12%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, brent ranked 2nd since the previous day in terms of percentage price change.
Gasoline (XB1) Down $0 in Last 4 Hours; Started Today Up 1.21%
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 4th for the day in terms of price change relative to the day prior.
Natural Gas (NG1) Down $0.01 in Last 4 Hours, Came Into Today Up For the 2nd Straight Day; in an Uptrend Over Past 14 Days
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.
Heating Oil (HO1) Up $0 Over Past 4 Hours, Entered Today Up 1.53%; in an Uptrend Over Past 30 Days
Congrats to its holders!
Crude Oil (CL1) Down $0.15 in Last 4 Hours; Entered Today Up 1.43%
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