Ethanol (DL1) Up $0.23 On 4 Hour Chart, Makes Big Move Relative to Past Three Months; Started Today Up 0.82%

Ethanol 4 Hour Price Update

Updated September 21, 2020 12:49 AM GMT (08:49 PM EST)

The back and forth price flow continues for Ethanol, which started the current 4 hour candle off at 1.335 US dollars, up 21.36% ($0.23) from the previous 4 hours. Ethanol outperformed all 6 assets in the energy commodity asset class since the previous 4 hours.

Ethanol Daily Price Recap

Ethanol closed the previous day up 0.82% ($0.01); this denotes the 2nd day in a row an upward move has occurred. Relative to other instruments in the energy commodity asset class, Ethanol ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Ethanol.


Ethanol Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on the 14 and 30 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Ethanol’s price has gone up 5 them.

“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