Ethanol 4 Hour Price Update
Updated November 20, 2020 01:49 AM GMT (09:49 PM EST)
The back and forth price flow continues for Ethanol, which started the current 4 hour candle off at 1.39 US dollars, down 2.11% ($0.03) from the previous 4 hours. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.
Ethanol Daily Price Recap
Ethanol entered today at $1.39, down 2.11% ($0.03) from the previous day. Relative to other instruments in the energy commodity asset class, Ethanol ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of Ethanol.
Ethanol Technical Analysis
Coming into today the current price of Ethanol is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 10 days Ethanol’s price has gone up 4 them.
“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram