Gasoline (XB1) Up $0.01 in Last 4 Hours, Entered Today Down 3.97%; Crosses 20, 50 and 200 Day Moving Averages

Gasoline 4 Hour Price Update

Updated September 22, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline came into the current 4 hour candle up 1.12% ($0.01) from the open of the last 4 hour candle, marking the 6th candle in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Gasoline ranked 2nd since the last 4 hour candle in terms of percentage price change.

Gasoline Daily Price Recap

Gasoline is down 3.97% ($0.05) since the previous day, marking a reversal from the day prior — and the end of a 6 day positive run. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 4th for the day in terms of price change relative to the previous day. Below is a daily price chart of Gasoline.

XB1

Gasoline Technical Analysis

Notably, Gasoline crossed below its 20, 50 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Gasoline’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

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

  • From watch1326:

    @NBSaphierMD @GovMurphy recent policy decisions show that he is totally out of touch with the realities of what is the best for the people of New Jersey… Tax increases illegals voting permits, gasoline price increases. What the hell is he thinking about.

  • From SoCalNow3:

    @KevinKileyCA Did we ever get the results of his gasoline price investigation? It’s only been 3 years. Probably needs more time. He has to fix the climate first. πŸ€‘πŸ™„πŸ˜³


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram