Gasoline 4 Hour Price Update
Updated July 28, 2021 01:53 AM GMT (09:53 PM EST)
Gasoline closed the previous 4 hours 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 previous 4 hours.
Gasoline Daily Price Recap
Gasoline closed yesterday up 0.25% ($0.01); this denotes the 6th consecutive day an increase has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since yesterday. Below is a daily price chart of Gasoline.
Gasoline Technical Analysis
The first thing we should note is that 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. 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 another vantage point, consider that Gasoline’s price has gone up 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.