Methanex and Methanol - Upside aheadMethanex has a methanol monopoly, methanol has been gainining momentum for the past weeks, has gone up 3 weeks in a row (2.7% last week).
Given the strong correlation MEOH / MX.TO could be going up.
NASDAQ:MEOH
TSX:MX
This chart is the relative strenght of the Methanol futures vs the SPX. It's
PEIX vs Ethanol Futures (Chicago)Pacific Ethanol doing a reversal up with COVID spike and Ethanol Futures change. Awaiting this going to target $10-11 on short term with another positive earnings and 3rd plant running more to market need. Announcement also selling into more profitable libations market of low calorie seltzers
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Chicago Ethanol (Platts) Futures is 1.7950 USD — it hasn't changed in the past 24 hours. Watch Chicago Ethanol (Platts) Futures price in more detail on the chart.
The volume of Chicago Ethanol (Platts) Futures is 60.00. Track more important stats on the Chicago Ethanol (Platts) Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Chicago Ethanol (Platts) Futures this number is 5.35 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Chicago Ethanol (Platts) Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Chicago Ethanol (Platts) Futures. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Chicago Ethanol (Platts) Futures technicals for a more comprehensive analysis.