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.
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 and other consumer driven markets of STAY AT HOME during COVID-19.
Dates in the future with the highest probability for price direction reversals