Gasoline 4 Hour Price Update
Updated January 05, 2021 01:52 AM GMT (09:52 PM EST)
Gasoline closed the previous 4 hours down 0.05% ($0); this denotes 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 end of a 4 day positive run has come for Gasoline, which finished the previous day down 2.71% ($0.04). Those trading within the energy commodity asset class should know that Gasoline was the worst performer in the class today. Below is a daily price chart of Gasoline.
Gasoline Technical Analysis
The first thing we should note is that Gasoline is now close to its 20 day averages, located at 1.35 respectively, and thus may be at a key juncture along those timeframes. Volatility for Gasoline has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. For another vantage point, consider that Gasoline’s price has gone up 9 of the previous 14 trading days.