Ethanol

(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:

The Trend

On DL1, there is currently an uptrend on the 90, 30 and 14 day timeframes.

DL1 Moving Averages

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.

The View From the Weekly Timeframe

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.