Methanex and Methanol - Upside ahead Long

MT21!/SPXNYMEX

Description

⋅ Jul 23, 2021 3:25 PM

Methanex 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 turning up.

Trend Analysis