Ethanol (DL1) Down $0 in Last 4 Hours, 6 Day Up Streak Snapped; in an Uptrend Over Past 90 Days

Ethanol 4 Hour Price Update

Updated May 31, 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. Relative to other instruments in the energy commodity asset class, Ethanol ranked 2nd since the previous 4 hours in terms of percentage price change.

Ethanol Daily Price Recap

The end of a 6 day unchanged run has come for Ethanol, which finished yesterday up 0.85% ($0.02). Relative to other instruments in the energy commodity asset class, Ethanol ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Ethanol.

DL1

Ethanol Technical Analysis

Notably, 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. 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 14 days Ethanol’s price has gone up 2 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.