Ethanol 4 Hour Price Update
Updated June 10, 2021 01:52 AM GMT (09:52 PM EST)
Ethanol came into the current 4 hour candle down 0% ($0) from the open of the last 4 hour candle, marking 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 last 4 hour candle.
Ethanol Daily Price Recap
Ethanol closed the day prior down 0% ($0); this denotes 3rd day in a row it is flat. Relative to other instruments in the energy commodity asset class, Ethanol ranked 2nd since the day prior in terms of percentage price change. Below is a daily price chart of Ethanol.
Ethanol Technical Analysis
Notably, Ethanol is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 2 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.