Ethanol (DL1) Up $0.01 On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Ethanol production is continuing to rise but has yet to approach normal levels.
Ethanol
(Last Updated June 3, 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
As for trends on DL1, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
DL1 Moving Averages
The moving averages on DL1 summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. Ultimately, this suggests a bullish trend on shorter timeframes, compared to a bearish trend when observing more than 3 months of data.
Below is a chart showing DL1’s price with its moving averages.
Ethanol (DL1) Up $0.01 On 4 Hour Chart; Entered Today Up 1.16%
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since the day prior in terms of percentage price change.
Ethanol (DL1) Up $0.03 in Last 4 Hours, Entered Today Up 2.56%; Breaks Above 100 Day Average
Ethanol production is continuing to rise but has yet to approach normal levels.
Ethanol (DL1) Down $0.06 in Last 4 Hours, Underperforms All energy commodity; Makes Big Move Relative to Two Week Trend
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
Ethanol (DL1) Up $0.04 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Started Today Up 3.98%
Relative to other instruments in the energy commodity asset class, ethanol ranked 2nd since the day prior in terms of percentage price change.
Ethanol (DL1) Up $0.04 On 4 Hour Chart, Tops All energy commodity; Breaks Above 20 Day Average
For another vantage point, consider that ethanol’s price has gone up 16 of the previous 30 trading days.
Ethanol (DL1) Down $0.05 Over Past 4 Hours, Started Today Down 4.69%; Crosses 20 Day Moving Average
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 yesterday.
Ethanol (DL1) Up $0.02 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Ethanol (DL1) Down $0.06 On 4 Hour Chart, Fares the Worst Out of energy commodity; Entered Today Down 5.23%
Those trading within the energy commodity asset class should know that ethanol was the worst performer in the class today.
Ethanol (DL1) Up $0.07 Over Past 4 Hours, Outperforms All energy commodity; 4 Day Down Streak Ended
Ethanol outperformed all 6 assets in the energy commodity asset class since the previous day.