Ethanol (DL1) Up $0.03 in Last 4 Hours, Entered Today Down 1.33%; in an Uptrend Over Past 90 Days

Ethanol 4 Hour Price Update

Updated October 16, 2020 12:49 AM GMT (08:49 PM EST)

Ethanol’s 4 four-hour candle unchanged streak has officially concluded, as the candle from the last 4 hour candle closed up 2.14% ($0.03). Relative to other instruments in the energy commodity asset class, Ethanol ranked 2nd since the last 4 hour candle in terms of percentage price change.

Ethanol Daily Price Recap

1.411 was the closing price of the day for Ethanol, resulting in today being one in which price moved down 1.33% ($0.02) from the previous day. Relative to other instruments in the energy commodity asset class, Ethanol ranked 5th since the previous day in terms of percentage price change. The daily price chart of Ethanol below illustrates.

DL1

Ethanol Technical Analysis

The first thing we should note is that 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 4 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethanol:

  • From MpM46343799:

    @real_defender @realDonaldTrump Iowa is going broke on the farms, no ethanol prices, crops on the ground. Dependent on government handouts, record bankruptcies.


“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