Gasoline (XB1) Down $0 On 4 Hour Chart, 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

Gasoline 4 Hour Price Update

Updated July 19, 2021 01:55 AM GMT (09:55 PM EST)

Gasoline is down 0.05% ($0) since the previous 4 hours, marking the 3rd consecutive candle it has gone down. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since the previous 4 hours in terms of percentage price change.

Gasoline Daily Price Recap

2.2536 was the closing price of the day for Gasoline, resulting in today being one in which price moved up 0.15% ($0) from yesterday. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

The first thing we should note is that Gasoline is now close to its 20 and 50 day averages, located at 2.26 and 2.2 respectively, and thus may be at a key juncture along those timeframes. 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 up 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.