Ethanol (DL1) Up $0.01 On 4 Hour Chart; Entered Today Up 1.16%
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since the day prior in terms of percentage price change.
Energy Commodities
Last Updated June 4, 2020 at 1:50 GMT
The instruments in the energy commodity asset class that made the biggest moves, on a percentage basis, over the past day were Natural Gas, Heating Oil, and Ethanol. 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 Crude Oil. Alternatively, on a 90 day basis, the strongest trend appears on Heating Oil. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Brent. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages In The Energy Commodity World
For those who pay attention to moving averages, Natural Gas may be of particular interest. It crossed its 20 and 50 day moving averages. Outside of Natural Gas, Gasoline was another pair that crossed key moving average levels, crossing its 100 day moving average. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Natural Gas has perhaps the strongest trend. See the chart below.
Brent (CO1) Down $0.24 in Last 4 Hours, 4 Day Up Streak Ended; in an Uptrend Over Past 30 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 yesterday.
Gasoline (XB1) Up $0.04 On 4 Hour Chart, Entered Today Up 4.15%; Nears 100 Day Moving Average
A very symbolic one is increasing the gasoline price from virtually free to $0.50/liter.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Fares the Worst Out of energy commodity; Pin Bar Pattern Appearing on Chart
Those trading within the energy commodity asset class should know that natural gas was the worst performer in the class today.
Heating Oil (HO1) Up $0.05 in Last 4 Hours, Outperforms All energy commodity; Entered Today Up 5.07%
Yes many get rent paid but not everyone else gets dla.
Crude Oil (CL1) Up $1.37 Over Past 4 Hours, Started Today Up 3.87%; in an Uptrend Over Past 30 Days
Rather simple question won’t you say to own a thing, implies you derive utility from it, so let’s answer by examining who derives utility from crude oil in nigeria.
Ethanol (DL1) Up $0.03 in Last 4 Hours, Entered Today Up 2.56%; Breaks Above 100 Day Average
Ethanol production is continuing to rise but has yet to approach normal levels.
Brent (CO1) Up $1.28 On 4 Hour Chart, Came Into Today Up For the 4th Day In A Row; in an Uptrend Over Past 30 Days
Out of the 6 instruments in the energy commodity asset class, brent ended up ranking 4th for the day in terms of price change relative to the previous day.
Gasoline (XB1) Up $0.04 On 4 Hour Chart, Came Into Today Up For the 3rd Day In A Row; in an Uptrend Over Past 30 Days
Laughable. only thing was they didn’t blast themselves like the old day rajavi’s army.
Natural Gas (NG1) Down $0.05 in Last 4 Hours, Entered Today Down 2.83%; Crosses 20 Day Moving Average
Relative to other instruments in the energy commodity asset class, natural gas ranked 5th since the day prior in terms of percentage price change.