Ethanol 4 Hour Price Update
Updated August 04, 2020 07:07 AM GMT (03:07 AM EST)
1.07 was the closing price of the four-hour candle for Ethanol, resulting in the current 4 hour candle being one in which price moved down 8.63% ($0.1) from the previous 4 hours. On a relative basis, Ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.
Ethanol Daily Price Recap
Ethanol entered today at $1.07, down 8.63% ($0.1) from yesterday. On a relative basis, Ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today. Let’s take a look at the daily price chart of Ethanol.
Ethanol Technical Analysis
Notably, Ethanol crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethanol’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethanol:
- From RohanSomwanshi:
US ethanol #crush margin slips into single digits again, to 5.81 cents/gal. Steep drop in #ethanol prices offset decline in #corn futures, pulling down the margin