Ethanol (DL1) Up $0.01 On 4 Hour Chart; Moves Up For the 4th Day In A Row

Ethanol 4 Hour Price Update

Updated July 01, 2020 11:06 PM GMT (07:06 PM EST)

Ethanol is up 0.84% ($0.01) since the previous 4 hours, marking the 4th candle in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Ethanol ranked 3rd since the previous 4 hours in terms of percentage price change.

Ethanol Daily Price Recap

Ethanol came into today up 0.84% ($0.01) from the open of yesterday, marking the 4th day in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Ethanol ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Ethanol below illustrates.

Ethanol Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethanol:

  • From RinnyTheGopher:

    @shah_neil This is really important, actuall, in the ongoing debate on ethanol pricing variables. Long held believe is corn price is the main driver and RBOB is just a bit of coincidental noise. I am using the batphone to call @ScottIrwinUI, the guru of correlations on ethanol prices.

  • From owenmandovha:

    @vincemusewe @zeraenergy Because oil prices have tumbled over 50 percent since the beginning of the Covi19 global induced pandemic whilst ethanol prices have not changed. If oil prices recover, we will get to the former position where ethanol is cheaper than petrol

  • From pm1my1:

    @mawarirej It is that simple, at the moment I don’t think there’s a break mechanism in the rules. When fuel was at world record highs, did you concern yourself about ethanol prices then?