Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Gasoline 4 Hour Price Update

Updated June 02, 2021 01:53 AM GMT (09:53 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 1.12% ($0.02) from the open of yesterday, marking the 2nd day in a row an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 5th 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

Notably, Gasoline is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Gasoline’s price has gone up 6 them.