Gasoline (XB1) Down $0 Over Past 4 Hours, Outperforms All energy commodity; Pin Bar Pattern Appearing on Chart

Gasoline 4 Hour Price Update

Updated January 25, 2021 01:53 AM GMT (09:53 PM EST)

Gasoline is down 0.05% ($0) since the previous 4 hours, 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 previous 4 hours.

Gasoline Daily Price Recap

Gasoline is up 0.05% ($0) since yesterday, marking the 4th straight day it has gone up. On a relative basis, today was pretty good: Gasoline bested all 6 of the assets in the energy commodity class 🙂 Here is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

Volatility for Gasoline has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Gasoline’s price has gone up 10 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.