October 23rd, according to reports
[Key Takeaway] In the short term, ethanol is trading in a strong, consolidating, bullish‑biased range, currently at a cyclical peak, with limited upside potential.
1. Average Difference Change Table
| Difference Type | Today’s Value (2026-10-22) | Yesterday’s Value (2026-10-21) | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 47.78 | 48.89 | - |
| 10-Day Difference (D10) | 13.61 | 6.11 | + |
| 20-Day Difference (D20) | 16.03 | 13.78 | + |
2. Signal Status Judgment
The combination of the three differences changing direction from the previous day is (-, +, +), which is a strong consolidation (bullish) signal.
3. Trend Direction Conclusion
The short-term trend is range-bound (leaning bullish). Reason: The directional changes in the 5-day, 10-day, and 20-day moving averages are not entirely consistent with the previous day, failing to meet the criteria for a clear uptrend or downtrend. Instead, they align with the strong consolidation pattern characteristic of a ranging market under the moving-average method, which leans bullish. Additionally, recent price hikes by Chinese ethanol producers and a 21.97% month-over-month increase in ethanol export volumes in September have provided some support to prices.
4. Position Spatial Reference
Over the 60-day and 3-month timeframes, prices are in the fifth tier (high), while on the 1-year timeframe they are in the fourth tier (mid-to-high). Short-term upside potential is limited.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
