September 9 news
[Key Insight] Ethanol is currently trading in a narrow, sideways range with a slight bullish bias in the short term, and downside room is limited, suggesting a modest rebound is expected.
1. Average Difference Change Table
| Average Difference Type | Today’s Value (2026.09.08) | Yesterday’s Value (2026.09.07) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 0 | 0 | Flat |
| 10-day Average Difference (D10) | 8.55 | 10.61 | - |
| 20-day Average Difference (D20) | 0.39 | -1.92 | + |
2. Signal Status Judgment
The current three mean differences have inconsistent directional changes compared to the previous day, which falls within the range of fluctuation. Additionally, with the 20-day mean difference turning from negative to positive and the price being at a low point in the cycle, this corresponds to a resilience warning (bullish) signal.
3. Trend Direction Conclusion
The short-term trend is characterized by oscillations with a slight bullish bias. The reasoning is as follows: The directions of change in the three moving averages are not entirely consistent with those of the previous day, failing to meet the criteria for a clear upward or downward trend. Therefore, the underlying trend is classified as oscillatory. Meanwhile, the 20-day moving average has turned positive from negative, and coupled with the fact that maintenance at some ethanol production plants has not yet been fully resumed, the supply side continues to provide certain support, further highlighting the bullish bias.
4. Positional Spatial Reference
Ethanol 60-day and 3-month cycle prices are both in the 1st tier (low position), with very limited room for decline; the 1-year cycle price is in the 3rd tier (middle position), offering some room for upward correction.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
