Gasoline (XB1) Down $0 Over Past 4 Hours, Came Into Today Down For the 2nd Straight Day; Breaks Below 20 Day Average

Gasoline 4 Hour Price Update

Updated April 22, 2021 01:54 AM GMT (09:54 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. 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

Gasoline closed the day prior down 1.69% ($0.03); this denotes the 2nd straight day a decrease has occurred. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Gasoline.


Gasoline Technical Analysis

First things first: Gasoline crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.