Gasoline (XB1) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Gasoline Daily Price Recap

Gasoline closed the day prior up 3.24% ($0.0254); this denotes the 2nd day in a row an increase 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. Below is a daily price chart of Gasoline.

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 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone up 10 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gasoline:

  • From Docziggy:

    Gasoline price today here is $1.22. Thanks, Obama.

  • From JustinHGillis:

    @AarneGranlund At current exchange rates, the average U.S. gasoline price is now €0.41 per litre.

  • From sorenjensen17:

    My guess is that the Brazilian government increases CIDE on gasoline as a way to support the ethanol industry – and their own finances. And keeps the local gasoline price high. And provide financing for carry of stocks. But not PIS/cofins. #ethanol #etanol