Ethanol (DL1) Down $0 in Last 4 Hours, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average

Ethanol 4 Hour Price Update

Updated July 07, 2021 01:52 AM GMT (09:52 PM EST)

Ethanol closed the last 4 hour candle 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 last 4 hour candle in terms of percentage price change.

Ethanol Daily Price Recap

Ethanol closed the day prior down 0% ($0); this denotes 9th consecutive day it is flat. Ethanol outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! The daily price chart of Ethanol below illustrates.

DL1

Ethanol Technical Analysis

Notably, the current price of Ethanol is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 1 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.