Gasoline (XB1) Down $0 Over Past 4 Hours, Entered Today Up 0.27%; Price Base in Formation Over Past 14 and 30 Days

Gasoline 4 Hour Price Update

Updated April 07, 2021 01:54 AM GMT (09:54 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

Gasoline entered today at $1.9663, up 0.27% ($0.01) from yesterday. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Gasoline below illustrates.

XB1

Gasoline Technical Analysis

Coming into today Gasoline is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Gasoline’s price has gone up 17 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.