Ethanol (DL1) Down $0 On 4 Hour Chart, Entered Today Down 0%; in an Uptrend Over Past 14 Days

Ethanol 4 Hour Price Update

Updated January 06, 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

Ethanol entered today at $1.485, down 0% ($0) from the previous day. Those trading within the energy commodity asset class should know that Ethanol was the worst performer in the class today. Here is a daily price chart of Ethanol.

DL1

Ethanol Technical Analysis

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. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ethanol’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!