Gasoline 4 Hour Price Update
Updated March 30, 2021 01:54 AM GMT (09:54 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
Gasoline came into today up 1.42% ($0.03) from the open of the previous day, marking the 2nd consecutive day an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since the previous day. The daily price chart of Gasoline below illustrates.
Gasoline Technical Analysis
The first thing we should note is that Gasoline is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days Gasoline’s price has gone down 6 them.