Ethanol (DL1) Down $0 in Last 4 Hours, Tops All energy commodity; Entered Today Up 6.47%
For additional context, note that price has gone up 5 out of the past 10 days.
(Last Updated April 15, 2021)
Hello! This is the news page for Ethanol. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On DL1, there is currently an uptrend on the 90, 30 and 14 day timeframes.
Across several time periods between 20 and 200 days, the trend on DL1 has remained consistently bullish.
Below is a chart showing DL1’s price with its moving averages.
Currently, DL1’s price is up $0.09 (4.99%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. DL1’s weekly price action over the past 52 weeks can be seen via the chart below.
For additional context, note that price has gone up 5 out of the past 10 days.
Out of the 6 instruments in the energy commodity asset class, ethanol ended up ranking 2nd for the day in terms of price change relative to yesterday.
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since yesterday in terms of percentage price change.
Also, candlestick traders!
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
For additional context, note that price has gone up 3 out of the past 14 days.