Ethanol 4 Hour Price Update
Updated April 08, 2021 01:55 AM GMT (09:55 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 is down 3.09% ($0.06) since yesterday, marking a reversal from the day prior — and the end of a 3 day unchanged run. Those trading within the energy commodity asset class should know that Ethanol was the worst performer in the class today. Let’s take a look at the daily price chart of Ethanol.
Ethanol Technical Analysis
Coming into today Ethanol is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethanol’s price has gone up 2 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.