Also, candlestick traders!
For additional context, note that price has gone up 4 out of the past 10 days.
Relative to other instruments in the energy commodity asset class, ethanol ranked 5th since yesterday in terms of percentage price change.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Or to view things another way, note that out of the past 14 days ethanol’s price has gone up 6 them.
Out of the 6 instruments in the energy commodity asset class, ethanol ended up ranking 5th for the day in terms of price change relative to the previous day.
Or to view things another way, note that out of the past 30 days ethanol’s price has gone up 7 them.
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.