Gasoline (XB1) Down $0 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 7 out of the past 10 days.
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, Tops All energy commodity; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that natural gas’s price has gone up 18 of the previous 30 trading days.
Heating Oil (HO1) Up $0 On 4 Hour Chart, Moves Down For the 2nd Straight Day; Breaks Below 20 Day Average
Heating oil outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Crude Oil (CL1) Down $0.15 Over Past 4 Hours, 2 Day Up Streak Ended; in an Uptrend Over Past 14 Days
Crude oil price: $ 70.67/barrel(≈ 159 l) 2.
Ethanol (DL1) Down $0 in Last 4 Hours, Entered Today Down 0%; in an Uptrend Over Past 30 Days
For additional context, note that price has gone down 1 out of the past 10 days.
Brent (CO1) Down $0.1 On 4 Hour Chart, Underperforms All energy commodity; 5 Day Up Streak Broken
And for candlestick traders, a special treat: there is a evening star pattern showing up on the charts as well.
Gasoline (XB1) Down $0 On 4 Hour Chart, Underperforms All energy commodity; Moves Down For the 4th Straight Day
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Entered Today Up 0.34%; in an Uptrend Over Past 14 Days
Out of the 6 instruments in the energy commodity asset class, natural gas ended up ranking 2nd for the day in terms of price change relative to the previous day.
Crude Oil (CL1) Down $0.15 in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
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Heating Oil (HO1) Up $0 On 4 Hour Chart; Entered Today Down 0.42%
Relative to other instruments in the energy commodity asset class, heating oil ranked 5th since the previous day in terms of percentage price change.