Gasoline (XB1) Down $0 in Last 4 Hours, Makes Big Move Relative to Past Month; Breaks Below 50 Day Average

Gasoline 4 Hour Price Update

Updated July 20, 2021 02:00 AM GMT (10:00 PM EST)

Gasoline closed the last 4 hour candle down 0.05% ($0); this denotes the 3rd consecutive candle it has gone down. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since the last 4 hour candle in terms of percentage price change.

Gasoline Daily Price Recap

The back and forth price flow continues for Gasoline, which started today off at 2.1104 US dollars, down 6.35% ($0.14) 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

First things first: Gasoline crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days.