Ethanol (DL1) Down $0 On 4 Hour Chart, Started Today Down 0%; in an Uptrend Over Past 30 Days

Ethanol 4 Hour Price Update

Updated February 19, 2021 01:52 AM GMT (09:52 PM EST)

Ethanol is down 0% ($0) since 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 is down 0% ($0) since the day prior, marking 5th straight day it is flat. Ethanol outperformed all 6 assets in the energy commodity asset class since the day prior. Let’s take a look at the daily price chart of Ethanol.

DL1

Ethanol Technical Analysis

The first thing we should note is that Ethanol is now close to its 20 day averages, located at 1.65 respectively, and thus may be at a key juncture along those timeframes. 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 additional context, note that price has gone up 5 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.