Heating Oil (HO1) Down 3.38%; in a Downtrend Over Past 90 Days
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Energy Commodities
Last Updated February 26, 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, 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 Gasoline. Alternatively, on a 90 day basis, the strongest trend appears on Gasoline. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Ethanol. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on Natural Gas. 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 Natural Gas; they crossed their 100 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 Heating Oil has perhaps the strongest trend. See the chart below.
Brent (CO1) Down 6.45%, Crosses 20 Day Moving Average; in a Downtrend 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.
Crude Oil (CL1) Heads Down For the 4th Day In A Row, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days
Speaking yesterday, at a virtual workshop for journalists on the oil sector reforms, ms.
Ethanol (DL1) Fares the Worst Out of Energy Commodities, Crosses 20 Day Moving Average; in a Downtrend Over Past 30 Days
On a relative basis, ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Gasoline (XB1) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 2nd since the day prior in terms of percentage price change.
Natural Gas (NG1) Down 5.25%; Price Base in Formation Over Past 14 Days
They even found oil or natural gas ( announced it too) .
Heating Oil (HO1) Down 5.12%; in a Downtrend Over Past 90 Days
That’s food, heating oil, car payments- you name it- for more than 100,000 families.
Brent (CO1) Down 6.74%; in a Downtrend Over Past 90 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe.
Crude Oil (CL1) Underperforms All Energy Commodities, Down 10.26%; in a Downtrend Over Past 90 Days
Mexico has a sovereign oil hedge that insures it against low prices….
Ethanol (DL1) Up 6.67%, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.