Gasoline 4 Hour Price Update
Updated March 25, 2021 01:54 AM GMT (09:54 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
The back and forth price flow continues for Gasoline, which started today off at 1.989 US dollars, up 4.88% ($0.09) from the day prior. Relative to other instruments in the energy commodity asset class, Gasoline ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Gasoline.
Gasoline Technical Analysis
Notably, 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 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Gasoline’s price has gone up 17 of the previous 30 trading days. Those interested in trading off candles may wish to observe the emergence of a bullish engulfing pattern, which seems particularly noteworthy against the backdrop of a downtrend on the 90, 14 and 30 day time periods.