The intraday price for Mlcx Biofuels Index Tr Etn has moved above its 200 period 30 minute moving average of 11.97. FUE is near 12.09 bucks now. The general trend in FUE has been down recently.

The price is above the trend line, which is about $12.06. Falling below that might indicate a change in trend.

Other stocks to watch – these are correlated with Mlcx Biofuels Index Tr Etn:

(IJ9W) with a correlation of 97.43%

Mckesson Corp. (MCK) with a correlation of 97.96%

Senbanc Fund Of The Rbb Fund Inc (SENBX) with a correlation of 97.85%

TEPAX (TEPAX) with a correlation of 97.43%

30-Day Fed Funds {Dec 11} (ZQZ11) with a correlation of 97.43%