Gasoline (XB1) Down $0 On 4 Hour Chart, Outperforms All energy commodity; Entered Today Up 2.02%

Gasoline 4 Hour Price Update

Updated February 04, 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 2.02% ($0.03) from the open of the previous day, marking the 3rd consecutive day an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since the previous day. Let’s take a look at the daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

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 additional context, note that price has gone up 7 out of the past 10 days.