Gasoline 4 Hour Price Update
Updated April 27, 2021 01:54 AM GMT (09:54 PM EST)
Gasoline came into the current 4 hour candle down 0.05% ($0) from the open of the last 4 hour candle, marking the 3rd 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
1.9786 was the closing price of the day for Gasoline, resulting in today being one in which price moved down 0.86% ($0.02) from the day prior. Those trading within the energy commodity asset class should know that Gasoline was the worst performer in the class today. Let’s take a look at the daily price chart of Gasoline.
Gasoline Technical Analysis
First things first: Gasoline crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone up 8 them.