Gasoline (XB1) Down $0 On 4 Hour Chart, Outperforms All energy commodity; 2 Day Down Streak Ended

Gasoline 4 Hour Price Update

Updated September 15, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline closed the previous 4 hours down 0.26% ($0); this denotes the 2nd candle in a row it has gone down. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the previous 4 hours in terms of percentage price change.

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 1.1112 US dollars, up 1.49% ($0.02) since the previous day. On a relative basis, today was pretty good: Gasoline bested all 6 of the assets in the energy commodity class 🙂 Below is a daily price chart of Gasoline.


Gasoline Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 17 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram