Ethanol 4 Hour Price Update
Updated November 16, 2020 01:49 AM GMT (09:49 PM EST)
1.48 was the closing price of the four-hour candle for Ethanol, resulting in the current 4 hour candle being one in which price moved down 0% ($0) from the last 4 hour candle. On a relative basis, the current 4 hour candle were pretty good: Ethanol bested all 6 of the assets in the energy commodity class 🙂
Ethanol Daily Price Recap
Ethanol entered today at $1.48, down 0% ($0) from the previous day. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ethanol.
Ethanol Technical Analysis
The first thing we should note is that Ethanol is now close to its 20 day averages, located at 1.47 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ethanol’s price has gone up 4 them.
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