Gasoline (XB1) Up $0.03 On 4 Hour Chart, Started Today Up 0.68%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 4th since the day prior in terms of percentage price change.
Energy Commodities
Last Updated August 5, 2020 at 1:50 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 Heating 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
Over the past two weeks, the strongest trend has been on Natural Gas. Alternatively, on a 90 day basis, the strongest trend appears on Gasoline. Price action traders will also want to note that a base appears to be forming on Crude Oil, Heating Oil and Ethanol. 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 Ethanol; they crossed their 20 and 100 day moving averages, respectively.Natural Gas (NG1) Up $0.33 in Last 4 Hours, Entered Today Up 1.59%; in an Uptrend Over Past 14 Days
Over 20 years, methane is 90x more potent than carbon dioxide.
Heating Oil (HO1) Up $0 Over Past 4 Hours, Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 90 Days
Is that why my heating oil company is not offering heating contracts?
Crude Oil (CL1) Up $0.74 On 4 Hour Chart, Outperforms All energy commodity; Makes Big Move Relative to Two Week Trend
Same month, 48million barrels of stolen crude were discovered in several tank farms in china.
Ethanol (DL1) Down $0.1 On 4 Hour Chart, Underperforms All energy commodity; Crosses 100 Day Moving Average
On a relative basis, ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Brent (CO1) Up $0.85 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, brent ranked 5th since the previous day in terms of percentage price change.
Gasoline (XB1) Up $0.01 On 4 Hour Chart, Moves Up For the 2nd Day In A Row; 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 the day prior.
Natural Gas (NG1) Up $0.03 On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
The pipeline to europe will take time, and the madman of turkey is trying to scuttle it, but what already has come on line makes israel energy independent, with large supply contracts to two of its neighbors, egypt and jordan….
Heating Oil (HO1) Up $0.02 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Moves Up For the 3rd Day In A Row
Out of the 6 instruments in the energy commodity asset class, heating oil ended up ranking 2nd for the day in terms of price change relative to the day prior.
Crude Oil (CL1) Up $0.69 in Last 4 Hours, Tops All energy commodity; Price Base in Formation Over Past 14 Days
Same month, 48million barrels of stolen crude were discovered in several tank farms in china.