Brent (CO1) Down $0.69 Over Past 4 Hours, Started Today Down 3.14%; Crosses 200 Day Moving Average
Relative to other instruments in the energy commodity asset class, brent ranked 5th since yesterday in terms of percentage price change.
Energy Commodities
Last Updated October 28, 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 Crude Oil, 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 Ethanol. Alternatively, on a 90 day basis, the strongest trend appears on Natural Gas.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 Natural Gas has perhaps the strongest trend. See the chart below.
Ethanol (DL1) Down $0 in Last 4 Hours, 4 Day Up Streak Ended; Morning Star Pattern Appearing on Chart
Or to view things another way, note that out of the past 10 days ethanol’s price has gone up 4 them.
Gasoline (XB1) Up $0.02 in Last 4 Hours, Entered Today Down 1.75%; in a Downtrend Over Past 14 Days
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 5th for the day in terms of price change relative to the previous day.
Natural Gas (NG1) Down $0.02 Over Past 4 Hours, Started Today Down 1.2%; Pin Bar Pattern Appearing on Chart
Out of the 6 instruments in the energy commodity asset class, natural gas ended up ranking 3rd for the day in terms of price change relative to the day prior.
Crude Oil (CL1) Up $0.61 Over Past 4 Hours, Fares the Worst Out of energy commodity; Started Today Down 1.94%
Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Heating Oil (HO1) Up $0.02 On 4 Hour Chart, Started Today Down 0.81%; Crosses 20 Day Moving Average
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 yesterday.
Ethanol (DL1) Down $0 On 4 Hour Chart, Came Into Today Down For 4th Straight Day; 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.
Brent (CO1) Up $0.73 in Last 4 Hours, Entered Today Down 1.63%; Breaks Below 20 Day Average
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 yesterday.
Gasoline (XB1) Up $0.02 in Last 4 Hours, Underperforms All energy commodity; Started Today Down 3.91%
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Natural Gas (NG1) Up $0.12 Over Past 4 Hours, Entered Today Up 3.43%; in an Uptrend Over Past 14 Days
Relative to other instruments in the energy commodity asset class, natural gas ranked 2nd since the day prior in terms of percentage price change.