Ethanol (DL1) Up $0.07 Over Past 4 Hours, Outperforms All energy commodity; 4 Day Down Streak Ended

Ethanol 4 Hour Price Update

Updated May 25, 2020 11:07 PM GMT (07:07 PM EST)

The end of a 4 four-hour candle negative run has come for Ethanol, which finished the last 4 hour candle up 6.63% ($0.07). 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’s 4 day negative streak has officially concluded, as the candle from the previous day closed up 6.63% ($0.07). Ethanol outperformed all 6 assets in the energy commodity asset class since the previous day. Below is a daily price chart of Ethanol.

Ethanol Technical Analysis

The first thing we should note is that Ethanol is now close to its 100 day moving averages, which may act as price barrier for the asset. 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 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethanol’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethanol:

  • From financeFCA:

    @anbhardvaj @Student_Seeker @Stannis_GOT Minimum support price for sugar, subsidy for sugar export, monthly release mechanism so that sugar prices remain under control, remunerative ethanol prices and now permission for manufacturing of sanitizer.

  • From anbhardvaj:

    @Student_Seeker @Stannis_GOT That’s correct. Brazil crushing may go entirely to sugar in place of ethanol this time due to very low ethanol prices