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

Gasoline 4 Hour Price Update

Updated July 08, 2021 01:53 AM GMT (09:53 PM EST)

Gasoline is down 0.05% ($0) since 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 came into today down 1% ($0.02) from the open of the day prior, marking the 2nd straight day a decrease has occurred. Relative to other instruments in the energy commodity asset class, Gasoline ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Gasoline below illustrates.

XB1

Gasoline Technical Analysis

Moving average crossovers are always interesting, so let’s start there: 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 6 out of the past 10 days.