Gasoline 4 Hour Price Update
Updated March 31, 2021 01:54 AM GMT (09:54 PM EST)
Gasoline is down 0.05% ($0) since the previous 4 hours, 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 previous 4 hours.
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 1.989 US dollars, down 0.31% ($0.01) since the day prior. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Gasoline.
Gasoline Technical Analysis
Coming into today 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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone down 6 out of the past 10 days.