Ethanol (DL1) Down $0 Over Past 4 Hours, Entered Today Down 0%; Pin Bar Pattern Appearing on Chart
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Energy Commodities
Last Updated January 22, 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
Over the past two weeks, the strongest trend has been on Ethanol. Alternatively, on a 90 day basis, the strongest trend appears on Heating Oil.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 Crude Oil has perhaps the strongest trend. See the chart below.
Brent (CO1) Down $0.1 On 4 Hour Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
Out of the 6 instruments in the energy commodity asset class, brent ended up ranking 5th for the day in terms of price change relative to the day prior.
Natural Gas (NG1) Down $0.01 in Last 4 Hours, 2 Day Down Streak Broken; Crosses 50 Day Moving Average
Natural gas outperformed all 6 assets in the energy commodity asset class since the previous day.
Gasoline (XB1) Down $0 in Last 4 Hours, Started Today Down 1.64%; in an Uptrend Over Past 30 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 previous day.
Heating Oil (HO1) Up $0 Over Past 4 Hours, Started Today Down 1.64%; in an Uptrend Over Past 14 Days
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, Started Today Down 2.26%; in an Uptrend Over Past 14 Days
Crude oil during upa was almost always above $90 per barrel, petrol price during that time was below 75 rupees always.
Ethanol (DL1) Down $0 Over Past 4 Hours, Entered Today Down For 2nd Straight Day; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 4 out of the past 10 days.
Brent (CO1) Down $0.1 in Last 4 Hours, Underperforms All energy commodity; But Still in an Uptrend Over Past 14 Days
On a relative basis, brent was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Up 0.33%; in an Uptrend Over Past 14 Days
For another vantage point, consider that gasoline’s price has gone up 7 of the previous 10 trading days.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Moves Down For the 2nd Consecutive Day; Breaks Below 50 Day Average
On a relative basis, natural gas was the worst performer out of all 6 of the assets in the energy commodity asset class today.