Ethanol 4 Hour Price Update
Updated July 28, 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 is down 0% ($0) since yesterday, marking 13th straight day it is flat. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 2nd for the day in terms of price change relative to yesterday. 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. 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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Ethanol’s price has gone down 1 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.