Gasoline (XB1) Down $0.03 in Last 4 Hours, Entered Today Up 0.45%; Pin Bar Pattern Appearing on Chart

Gasoline 4 Hour Price Update

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

The choppiness in the recent four-hour candle price action of Gasoline continues; to start the current 4 hour candle, it came in at a price of 1.0926 US dollars, down 2.35% ($0.03) since the previous 4 hours. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the previous 4 hours in terms of percentage price change.

Gasoline Daily Price Recap

The choppiness in the recent daily price action of Gasoline continues; to start today, it came in at a price of 1.0975 US dollars, up 0.45% ($0) since yesterday. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone down 9 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gasoline:

  • From RiverSide313:

    @IngrahamAngle FROM IRAN:
    DEAR AMERICANS
    I told you last month that several young people are at risk of execution just to protest last November’s high gasoline price.
    Unfortunately, one of them was executed this morning #Navid_Afkari
    PLEASE be the VOICE of the IRANIAN.
    and appreciate freedom


“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