Gasoline (XB1) Down $0 On 4 Hour Chart, Started Today Up 0.44%; Price Base in Formation Over Past 14 Days

Gasoline 4 Hour Price Update

Updated June 01, 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. 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

The choppiness in the recent daily price action of Gasoline continues; to start today, it came in at a price of 2.1463 US dollars, up 0.44% ($0.01) since yesterday. On a relative basis, Gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class today. 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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Gasoline’s price has gone up 6 of the previous 10 trading days.