Ethanol (DL1) Up $0 in Last 4 Hours; Moves Up For the 2nd Day In A Row

Ethanol 4 Hour Price Update

Updated August 03, 2020 07:08 AM GMT (03:08 AM EST)

Ethanol closed the previous 4 hours up 0.09% ($0); this denotes the 2nd candle in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethanol Daily Price Recap

Ethanol closed the previous day up 0.09% ($0); this denotes the 2nd day in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Ethanol ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Ethanol.

DL1

Ethanol Technical Analysis

The first thing we should note is that Ethanol is now close to its 20 and 50 day averages, located at 1.19 and 1.15 respectively, and thus may be at a key juncture along those timeframes. 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 5 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethanol for the past day were:

  • From ralphsmotorbike:

    @Amy_Siskind Or the breaking story tonight that he asked Brazil to help him win the election by manipulating ethanol prices.