Ethanol (DL1) Down $0 On 4 Hour Chart, Entered Today Down For 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

Ethanol 4 Hour Price Update

Updated February 16, 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 previous 4 hours, marking 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 closed the day prior down 0% ($0); this denotes 2nd day in a row it is unchanged. On a relative basis, Ethanol was the worst performer out of all 6 of the assets in the energy commodity asset 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. For additional context, note that price has gone up 6 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.