Ethanol 4 Hour Price Update
Updated September 04, 2020 07:06 PM GMT (03:06 PM EST)
The back and forth price flow continues for Ethanol, which started the current 4 hour candle off at 1.365 US dollars, up 20.8% ($0.24) from the last 4 hour candle. Ethanol outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Ethanol Daily Price Recap
1.365 was the closing price of the day for Ethanol, resulting in today being one in which price moved up 20.8% ($0.24) from the previous day. Ethanol outperformed all 6 assets in the energy commodity asset class since the previous day. Congrats to its holders! Here is a daily price chart of Ethanol.
Ethanol Technical Analysis
First things first: Ethanol crossed above its 20, 50 and 200 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethanol’s price has gone up 5 of the previous 10 trading days.
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