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

Ethanol 4 Hour Price Update

Updated January 14, 2021 01:53 AM GMT (09:53 PM EST)

Ethanol came into the current 4 hour candle down 0% ($0) from the open of the last 4 hour candle, 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 last 4 hour candle.

Ethanol Daily Price Recap

The choppiness in the recent daily price action of Ethanol continues; to start today, it came in at a price of 1.63 US dollars, up 7.24% ($0.11) since yesterday. On a relative basis, today was pretty good: Ethanol bested all 6 of the assets in the energy commodity class 🙂 The daily price chart of Ethanol below illustrates.


Ethanol Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethanol’s price has gone up 6 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!