Ethanol (DL1) Down $0 On 4 Hour Chart, Tops All energy commodity; Crosses 20 and 100 Day Moving Averages

Ethanol 4 Hour Price Update

Updated December 29, 2020 01:51 AM GMT (09:51 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. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethanol Daily Price Recap

Ethanol is up 5.66% ($0.07) since the day prior, marking a reversal from the day prior — and the end of a 3 day unchanged run. Ethanol outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! Here is a daily price chart of Ethanol.

DL1

Ethanol Technical Analysis

First things first: Ethanol crossed above its 20 and 100 day moving averages yesterday. 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 down over that time. Or to view things another way, note that out of the past 14 days Ethanol’s price has gone up 3 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.