Ethanol (DL1) Down $0 Over Past 4 Hours, Came Into Today Down For 9th Day In A Row; in a Downtrend Over Past 14 Days
On a relative basis, ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Energy Commodities
Last Updated April 14, 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
On a 90 day basis, the strongest trend appears on Ethanol. Price action traders will also want to note that a base appears to be forming on Gasoline. 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 Heating Oil and Gasoline; they crossed their 20 and 20 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 Gasoline has perhaps the strongest trend. See the chart below.
Brent (CO1) Down $0.1 in Last 4 Hours, Started Today Up 4.15%; in a Downtrend Over Past 14 Days
Out of the 6 instruments in the energy commodity asset class, brent ended up ranking 2nd for the day in terms of price change relative to the day prior.
Gasoline (XB1) Down $0 in Last 4 Hours, Started Today Up 1%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 5th since the previous day in terms of percentage price change.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Tops All energy commodity; Makes Big Move Relative to Two Week Trend
Natural gas outperformed all 6 assets in the energy commodity asset class since the previous day.
Heating Oil (HO1) Up $0 On 4 Hour Chart, Started Today Up 1.39%; Breaks Above 100 Day Average
Relative to other instruments in the energy commodity asset class, heating oil ranked 2nd since the day prior in terms of percentage price change.
Ethanol (DL1) Down $0 Over Past 4 Hours, Came Into Today Down For 8th Straight Day; in an Uptrend Over Past 90 Days
For another vantage point, consider that ethanol’s price has gone down 2 of the previous 30 trading days.
Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Started Today Up 1.28%; in an Uptrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
Brent (CO1) Down $0.1 Over Past 4 Hours, Entered Today Up 1.06%; Price Base in Formation Over Past 30 Days
For another vantage point, consider that brent’s price has gone up 8 of the previous 14 trading days.
Gasoline (XB1) Down $0 in Last 4 Hours, Makes Big Move Relative to Past Month; Breaks Below 50 Day Average
Relative to other instruments in the energy commodity asset class, gasoline ranked 4th since the previous day in terms of percentage price change.
Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Started Today Up 2.86%; in an Uptrend Over Past 30 Days
Natural gas outperformed all 6 assets in the energy commodity asset class since yesterday.