Ethanol (DL1) Down $0 Over Past 4 Hours, 2 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart

Ethanol 4 Hour Price Update

Updated July 12, 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. 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 entered today at $2.32, down 0% ($0) from yesterday. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 5th for the day in terms of price change relative to yesterday. 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 90 day horizon; over that time period, price has been moving up. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 14 days Ethanol’s price has gone down 2 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.