Ethanol (DL1) Down $0 in Last 4 Hours, 6 Day Up Streak Snapped; Breaks Above 20 Day Average

Ethanol 4 Hour Price Update

Updated June 01, 2021 01:52 AM GMT (09:52 PM EST)

Ethanol closed the previous 4 hours down 0% ($0); this denotes 4th candle in a row it is unchanged. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethanol Daily Price Recap

Ethanol’s 6 day unchanged streak has officially concluded, as the candle from the previous day closed up 0.85% ($0.02). Relative to other instruments in the energy commodity asset class, Ethanol ranked 4th since the previous day in terms of percentage price change. The daily price chart of Ethanol below illustrates.


Ethanol Technical Analysis

First things first: Ethanol crossed above its 20 day moving average yesterday. Volatility for Ethanol has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 7 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.