Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Down For the 3rd Straight Day; But Still in an Uptrend Over Past 90 Days

Gasoline 4 Hour Price Update

Updated April 23, 2021 01:54 AM GMT (09:54 PM EST)

Gasoline is down 0.05% ($0) since the last 4 hour candle, 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 last 4 hour candle.

Gasoline Daily Price Recap

Gasoline is down 0.44% ($0.01) since the day prior, marking the 3rd straight day a decline has happened. Those trading within the energy commodity asset class should know that Gasoline was the worst performer in the class today. Let’s take a look at the daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

Coming into today the current price of Gasoline is sitting close to its 20 and 50 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. For additional context, note that price has gone up 6 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.