Ethanol 4 Hour Price Update
Updated September 16, 2020 12:49 AM GMT (08:49 PM EST)
Ethanol came into the current 4 hour candle down 0% ($0) from the open of the last 4 hour candle, marking 2nd candle in a row it is unchanged. Relative to other instruments in the energy commodity asset class, Ethanol ranked 4th since the last 4 hour candle in terms of percentage price change.
Ethanol Daily Price Recap
Ethanol entered today at $1.29, down 1.23% ($0.02) from yesterday. 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
Notably, Ethanol crossed below its 20 day moving average yesterday. 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. Or to view things another way, note that out of the past 30 days Ethanol’s price has gone up 13 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethanol:
- From cabbobby:
@politico Nobody is bothered by ethanol prices.
“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram