, along with the rest of the ethanol sector, has been on a colossal fall as the price of ethanol drops along with crude. Crude still has not found bottom but ethanol is at a level that has been support in the past but with oil
slipping on supply it may not hold. PEIX
is nearing a potential level of support. First there is the Fib ret. level 0.618. This level happens to coincide with Lazy Bear's version of Tim West's hidden earning support levels. Finally, there is the 3/1 Gann fan
blade. This may be a good place to watch for a buy signal on Chris Moody's Gann
Swing HL V2 indicator. Also, I have added Chris's ULT RSI
MTF indicator to the bottom of the chart. So, the big question is when will we get that buy signal? My guess is when the daily blue RSI
crosses the white midline.