Gasoline (XB1) Down $0 Over Past 4 Hours, Started Today Down 0.74%; Pin Bar Pattern Appearing on Chart

Gasoline 4 Hour Price Update

Updated April 08, 2021 01:56 AM GMT (09:56 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

1.9518 was the closing price of the day for Gasoline, resulting in today being one in which price moved down 0.74% ($0.01) from the previous day. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 5th for the day in terms of price change relative to the previous day. Here is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

The first thing we should note is that Gasoline is now close to its 20 day averages, located at 2 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Gasoline’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.