Gasoline (XB1) Down $0 On 4 Hour Chart, Underperforms All energy commodity; But Still in an Uptrend Over Past 90 Days

Gasoline 4 Hour Price Update

Updated June 10, 2021 01:53 AM GMT (09:53 PM EST)

Gasoline came into the current 4 hour candle down 0.05% ($0) from the open of the last 4 hour candle, marking 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

The choppiness in the recent daily price action of Gasoline continues; to start today, it came in at a price of 2.2025 US dollars, down 0.74% ($0.02) 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. The daily price chart of Gasoline below illustrates.

XB1

Gasoline Technical Analysis

Coming into today the current price of Gasoline is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Gasoline’s price has gone up 20 of the previous 30 trading days.