For additional context, note that price has gone up 0 out of the past 10 days.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
On a relative basis, ethanol was the worst performer out of all 6 of the assets in the energy commodity asset class today.
For another vantage point, consider that ethanol’s price has gone down 2 of the previous 30 trading days.
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since yesterday in terms of percentage price change.
Also, candlestick traders!
Congrats to its holders!
For additional context, note that price has gone up 3 out of the past 30 days.