Ethanol (DL1) Down $0 Over Past 4 Hours, Outperforms All energy commodity; 3 Day Up Streak Broken

Ethanol 4 Hour Price Update

Updated May 04, 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 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

The end of a 3 day unchanged run has come for Ethanol, which finished yesterday up 4.72% ($0.11). On a relative basis, today was pretty good: Ethanol bested all 6 of the assets in the energy commodity class 🙂 Let’s take a look at the daily price chart of Ethanol.

DL1

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 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.