Gasoline 4 Hour Price Update
Updated July 01, 2020 11:07 PM GMT (07:07 PM EST)
Gasoline came into the current 4 hour candle up 1.93% ($0.02) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone up. Gasoline outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.
Gasoline Daily Price Recap
Gasoline is up 1.93% ($0.02) since the day prior, marking the 2nd day in a row an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! Here is a daily price chart of Gasoline.
Gasoline Technical Analysis
Notably, the current price of Gasoline is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Gasoline’s price has gone up 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Gasoline:
- From spindletop99:
Best I can tell, gasoline price is +/- $1.90/gal right now. Which, for the last 4-6 years has translated to WTI of $50-60/bbl. But WTI is $40/bbl now. So the retailers, due to lack of demand, are holding prices high to maintain their margin right now?
- From MomammadH:
@SnowAngle4 …after gasoline price situation that Iran had,they thought that now Iran has lots of international problems so they can’t play in both inside and outside at the same time so the Pentagon followed the shock giving strategy,thinking that by assassination of Gen.Soleimani…
- From dojicandlestick:
@Shell @petrocanada @CoopFCL hurry up and get the price of that gas raised…. WTI is almost $40 a barrel don’t you know? Because otherwise where would you get $1 a litre gasoline price from…. you fucking Crooks
Where are the #regulators?