Energy Commodities

Last Updated August 12, 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, Gasoline, 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 Natural Gas. 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 Gasoline. 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 Ethanol. Price bases often precede increases in volatility and a clear trend.

Moving Averages In The Energy Commodity World

For those who pay attention to moving averages, Ethanol may be of particular interest. It crossed its 20, 50 and 100 day moving averages. Outside of Ethanol, Gasoline was another pair that crossed key moving average levels, crossing its 50 day moving average.