Gasoline (XB1) Down $0.02 in Last 4 Hours, 2 Day Down Streak Snapped; Nears 200 Day Moving Average

Gasoline 4 Hour Price Update

Updated October 14, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline came into the current 4 hour candle down 2.04% ($0.02) from the open of the last 4 hour candle, marking the 2nd consecutive candle it has gone down. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Gasoline Daily Price Recap

The back and forth price flow continues for Gasoline, which started today off at 1.1782 US dollars, up 0.03% ($0) from the previous day. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the previous day in terms of percentage price change. The daily price chart of Gasoline below illustrates.

XB1

Gasoline Technical Analysis

Coming into today Gasoline is now close to its 20, 100 and 200 day averages, located at 1.2, 1.21 and 1.18 respectively, and thus may be at a key juncture along those timeframes. Or to view things another way, note that out of the past 10 days Gasoline’s price has gone up 5 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gasoline for the past day were:

  • From that1girlkeiki:

    @blacbirbb so you have that, and then you need to look at the averages of food cost, average gasoline price (the prices of gas can tell you a lot of the over all cost of certain citys/ states)

  • From MissNatasha1000:

    @weatherindia Solutions:
    1) Govt should replace most vehicles with electric/solar/hydrogen vehicles.
    2) Govt should help in subsidizing the cost of hybrid vehicles.
    3) Increase the gasoline price.
    4) Restrict to 1 or max 2 vehicles per family
    5) Promote cycle/animal carriage usage.

  • From MiSugarDaddy:

    @realDonaldTrump Tax Reduction For Millionaires⬇️⛔
    Oil Production🔝✅ Gasoline Price Rise🔝⛽⛔
    Jobs⬇️⛔
    Unemployment🔝⛔
    Foreign Policy⬇️⛔Iran-North Korea Nuclear Hazard🔝☣️⛔In-Out Terrorism🔝⛔
    Racial Discrimination African-Americans & Latinos🔝⛔
    Create Civil Violence🔝⛔Gender Abuse♀️♂️⛔


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram