Ethanol (DL1) Up $0.05 in Last 4 Hours, Underperforms All energy commodity; But Still in an Uptrend Over Past 14 Days
Ethanol outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Ethanol
(Last Updated October 28, 2020)
Welcome to the news page for Ethanol (DL1). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for DL1.
DL1 Moving Averages
Across several time periods between 20 and 200 days, the trend on DL1 has remained consistently bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, DL1’s price is up $0.03 (1.97%) from the week prior. DL1 has seen its price go up 5 out of the past 5 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows DL1’s price action over the past year.
Ethanol (DL1) Down $0 in Last 4 Hours, 4 Day Up Streak Ended; Morning Star Pattern Appearing on Chart
Or to view things another way, note that out of the past 10 days ethanol’s price has gone up 4 them.
Ethanol (DL1) Down $0 On 4 Hour Chart, Came Into Today Down For 4th Straight Day; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Ethanol (DL1) Down $0 On 4 Hour Chart, Tops All energy commodity; in an Uptrend Over Past 14 Days
Ethanol outperformed all 6 assets in the energy commodity asset class since yesterday.
Ethanol (DL1) Up $0.03 in Last 4 Hours, Underperforms All energy commodity; Makes Big Move Relative to Past Three Months
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
Ethanol (DL1) Down $0 in Last 4 Hours, 2 Day Up Streak Ended; Crosses 20, 50, 100 and 200 Day Moving Averages
On a relative basis, ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Ethanol (DL1) Down $0 On 4 Hour Chart, Entered Today Down 0%; Pin Bar Pattern Appearing on Chart
Ethanol outperformed all 6 assets in the energy commodity asset class since yesterday.
Ethanol (DL1) Up $0.03 in Last 4 Hours, Entered Today Down 1.33%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, ethanol ranked 5th since the previous day in terms of percentage price change.
Ethanol (DL1) Down $0.02 Over Past 4 Hours, Started Today Down 0%; in an Uptrend Over Past 30 Days
For another vantage point, consider that ethanol’s price has gone up 9 of the previous 30 trading days.
Ethanol (DL1) Down $0 in Last 4 Hours, Started Today Down 1.43%; in an Uptrend Over Past 30 Days
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since the day prior in terms of percentage price change.