Gasoline (XB1) Down $0 in Last 4 Hours, Entered Today Up 0.4%; Pin Bar Pattern Appearing on Chart
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 March 10, 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, Crude Oil, and Brent. 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
Over the past two weeks, the strongest trend has been on Ethanol. Alternatively, on a 90 day basis, the strongest trend appears on Gasoline.Moving Averages In The Energy Commodity World
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, Came Into Today Up For the 4th Consecutive Day; Breaks Above 20 and 200 Day Averages
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 On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Heating oil outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Crude Oil (CL1) Down $0.15 On 4 Hour Chart, 2 Day Down Streak Broken; Price Base in Formation Over Past 14 Days
Whether volatility reverts will be something to watch.
Brent (CO1) Down $0.1 Over Past 4 Hours, Started Today Up 0.52%; Price Base in Formation Over Past 14 Days
Out of the 6 instruments in the energy commodity asset class, brent ended up ranking 3rd for the day in terms of price change relative to yesterday.
Gasoline (XB1) Down $0 Over Past 4 Hours, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Whether volatility reverts will be something to watch.
Natural Gas (NG1) Down $0.01 in Last 4 Hours, Outperforms All energy commodity; Moves Up For the 3rd Consecutive Day
For another vantage point, consider that natural gas’s price has gone down 16 of the previous 30 trading days.
Heating Oil (HO1) Up $0 Over Past 4 Hours, 3 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
Out of the 6 instruments in the energy commodity asset class, heating oil ended up ranking 4th for the day in terms of price change relative to the previous day.
Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Fares the Worst Out of energy commodity; But Still in an Uptrend Over Past 90 Days
It is for this reason that india needs to have adequate crude oil reserves in the form of strategic petroleum reserves (spr)….