Gasoline (XB1) Down $0 On 4 Hour Chart, Underperforms All energy commodity; Entered Today Down 0.25%

Gasoline 4 Hour Price Update

Updated July 29, 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 previous 4 hours, marking 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 previous 4 hours.

Gasoline Daily Price Recap

Gasoline is down 0.25% ($0.01) since the previous day, marking a reversal from the day prior — and the end of a 6 day positive run. On a relative basis, Gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

Coming into today Gasoline is now close to its 20 day averages, located at 2.26 respectively, and thus may be at a key juncture along those timeframes. 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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 20 out of the past 30 days.