Ethanol (DL1) Down $0 Over Past 4 Hours, Entered Today Down 0%; Pin Bar Pattern Appearing on Chart
Also, candlestick traders!
Ethanol
(Last Updated January 18, 2021)
Welcome to the news page for Ethanol (DL1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 30 and 14 day timeframes, we see an uptrend in place for DL1.
DL1 Moving Averages
The moving averages on DL1 indicate a trend that is clearly bullish.
Below is a chart showing DL1’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, DL1’s price is up $0.11 (7.24%) from the week prior. DL1 has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 5 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.
Ethanol (DL1) Down $0 Over Past 4 Hours, Entered Today Down For 2nd Straight Day; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 4 out of the past 10 days.
Ethanol (DL1) Down $0 in Last 4 Hours, Entered Today Down 0%; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the energy commodity asset class, ethanol ranked 5th since yesterday in terms of percentage price change.
Ethanol (DL1) Down $0 Over Past 4 Hours, 2 Day Up Streak Ended; 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, 2 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Or to view things another way, note that out of the past 14 days ethanol’s price has gone up 6 them.
Ethanol (DL1) Down $0 Over Past 4 Hours, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
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.
Ethanol (DL1) Down $0 in Last 4 Hours, Tops All energy commodity; 2 Day Up Streak Broken
Or to view things another way, note that out of the past 30 days ethanol’s price has gone up 7 them.
Ethanol (DL1) Down $0 Over Past 4 Hours, Started Today Down 0%; Pin Bar Pattern Appearing on Chart
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
Ethanol (DL1) Down $0 On 4 Hour Chart, Entered Today Down 0%; in an Uptrend Over Past 14 Days
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.