Ethanol 4 Hour Price Update
Updated September 14, 2020 12:49 AM GMT (08:49 PM EST)
The back and forth price flow continues for Ethanol, which started the current 4 hour candle off at 1.22 US dollars, down 6.58% ($0.09) from the last 4 hour candle. Those trading within the energy commodity asset class should know that Ethanol was the worst performer in the class the current 4 hour candle.
Ethanol Daily Price Recap
The back and forth price flow continues for Ethanol, which started today off at 1.29 US dollars, up 5.74% ($0.07) from the day prior. Ethanol outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! Let’s take a look at the daily price chart of Ethanol.
Ethanol Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ethanol crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 14 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Behold! Here are the top tweets related to Ethanol:
- From DanUmthun:
@zainab_walji @Letsg0mets @Remender @kumailn Thing is we’ve got a lot of us astonishingly proud of making government fail, like it’s an impediment or some tyrannical structure and not the proctor of standardized testing and arbiter of ethanol prices.
“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